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Cairo Co. uses the allowance method of accounting for uncollectible accounts. Cairo Co. accepted a $8,000, 12%, 90-day note dated June 16, from Alexandria Co.
Cairo Co. uses the allowance method of accounting for uncollectible accounts. Cairo Co. accepted a $8,000, 12%, 90-day note dated June 16, from Alexandria Co. in exchange for its past-due account receivable.
In the space provided, answer the following quesiton. Be sure not to include any extra wording, $, commas, or decimal points.
What is the maturity date of this note? (Type the month in the first blank, then the day in the 2nd blank.)
(month) (day)
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