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4. Westrac Ltd. received a 120 days, 10% note for $30,000, dated Sept 22, 2021 from customer, M. Francis to settle her account. Determine

4. Westrac Ltd. received a 120 days, 10% note for $30,000, dated Sept 22, 2021 from customer, M. Francis to settle her account. Determine the due date of the note. (2 pts) Show calculation. b. Determine the maturity value of the note. (2 pts) Show calculation. c. Should Westrac Ltd. record an adjusting entry for accrued interest revenue on this note at December 31, 2016, the end of the accounting period? (1 pt) Explain why or why not. (2 pts)

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