7. Blackwell Industries received a 120-day, 9% note for $180,000, dated August 10 from a customer on account. Required:

1.

Determine the due date of the note.

2.

Determine the maturity value of the note.

3.

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

8. Determine the due date and amount of interest due at maturity on the following notes:

	Origination	Face	Term	Interest	Maturity	Interest
	Date	Amount	of Note	Rate	Date	Amount
(a)	Mar 15	$8,000	60 days	9%	_______	_______
(b)	May 1	$12,000	90 days	8%	_______	_______