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Cube Ice Company received a 1 2 0 - day, 6 % note for $ 2 4 , 0 0 0 , dated June 1
Cube Ice Company received a day, note for $ dated June from a customer on account. Assume days in a year.
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a Determine the due date of the note.
b Determine the maturity value of the note.
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c Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank.
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