Berkman Wholesalers accepts from Almonte Stores a $6,630, 4-month, 9% note dated May 31 in settlement of Almontes overdue account. The maturity date of the note is September 30.

What entry does Berkman make at the maturity date, assuming Almonte pays the note and interest in full at that time?

Berkman wholesalers accepts from Almonte Stores a $6,630, 4-month, 9% note dated May 31 in settlement of Almonte s overdue account The matunty date of the note is September 30. Your answer is correct. Calculate the interest payable at maturity. (Round answer to O decimal places, e.g. $152.) Interest payable at maturity 198.90 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. What entry does Berkman make at the maturity date, assuming Almonte pays the note and interest in full at that time? (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit