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BE 8-5 Note receivable Obj. 6 Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account.
BE 8-5 Note receivable Obj. 6 Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 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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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
12th edition
1305084853, 978-1305464803, 130546480X, 978-1305799448, 978-1305084858
