Cube Ice Company received a 120-day ,8% note for $72,000 , dated april 9 from a customer on account. Assume 360 days in a year.

Note Receivable Cube Ice Company received a 120-day, 8% note for $72,000, dated April 9 from a customer on account. Assume 360 days in a year. a. Determine the due date of the note, August 7 b. Determine the mounty value of the note Check My Wor The due date is the date the note is to be paid Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the no Leaming Objective Joumalize 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 Aug Cash Notes Receivable 73.000 Interest Revenue