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Cheyenne Wholesalers accepts from Gates Stores a $24,000, 4-month, 8% note dated May 31 in settlement of Gates' overdue account. The maturity date of the

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Cheyenne Wholesalers accepts from Gates Stores a $24,000, 4-month, 8% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September 30. What entry does Cheyenne make at the maturity date, assuming Gates 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 (To record collection of Gates note and interest) e Textbook and Media

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