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Gentry Wholesalers accepts from Whispering Stores a $9,300,4-month, 6% note dated May 31 in settlement of Whispering's overdue account. The maturity date of the note
Gentry Wholesalers accepts from Whispering Stores a $9,300,4-month, 6% note dated May 31 in settlement of Whispering's overdue account. The maturity date of the note is September 30. What entry does Gentry make at the maturity date, assuming Whispering pays the note and interest in full at that time? Date Account Titles and Explanation Debit Credit Sept. 30
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