Final Answer:
The answer to the question is $8500.
Step-by-step explanation:
To calculate the amount of money received by Mifflin Company on July 9, we need to understand the context of the question. The question states that the company received an $8500, which means we need to determine the currency in which the amount is denominated. Since the question does not specify the currency, we will assume it is in US dollars.
To calculate the value of $8500 in US dollars, we can use a simple conversion factor. One US dollar is equal to 100 cents, so we can convert $8500 to cents as follows:
$8500 x 100 = $850,000
Therefore, Mifflin Company received $850,000 on July 9.