Question
Cannondale Supply Company received a 60-day, 4% note for $200,000, dated March 13 from a customer on account. a. Determine the due date of the
Cannondale Supply Company received a 60-day, 4% note for $200,000, dated March 13 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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Financial Accounting In An Economic Context
Authors: Jamie Pratt
3rd Edition
0538855843, 978-0538855846
