=+Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on

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=+Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.

a. Determine the due date of the note.

b. Determine the maturity value of the note.

c. Journalize the entry to record the receipt of the payment of the note at maturity.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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