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10. Lundquist Company received a 60-day, 10% note for $48,000, dated July 23, from a customer on account. Required: a. Determine the due date of
10. Lundquist Company received a 60-day, 10% note for $48,000, dated July 23, from a customer on account. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. Assume 360 days in a year e. Journalize the entry to record the receipt of the payment of the note at maturity. a. Determine the due date of the note. b. Determine the maturity value of the note. Assume 360 days in a year. (Note: Round computations to the nearest whole dollar.) c.Journalize the entry to record the receipt of the payment of the note at DATE DESCRIPTION CREDIT POST. DEBIT REF
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