Lewis Company had the following transactions involving notes payable. July 1, 2015 Borrows $50,500 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2015 Borrows $61,200 from Lyon County State Bank by signing a 3-month, 6% note. Dec.
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The four components of aggregate expenditure are: a. spending on domestic goods, domestic services, foreign goods, and foreign services. b. spending on durable goods, inventory investment, government debt, and net exports. c.
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