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What is the maturity date of the note

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Question - On July 19, 2018, Omar Co. purchased a machine for 260,000 SA from Saudi Machine Company (SMC). Omar gave SMC 7% note due in 120 days in payment for the machine.

a. What is the maturity date of the note?

b. How much interest will Omar pay to SMC on this note?

c. Record the note?

Reference no: EM133025115

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