First Bank has discounted a note for Towlez, Inc This is a 9% note with a maturity value of $5,000 for 30 days. The debit to Cash in Towlez's general journal will be in the amount of
a. $5,037.50; b. $5,000.00;
c. $4,962.50; d. $37.50; e. none of these
C
Business
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