Question
Good Day Service Center received a 120-day, 6% note for $370,000, dated May 12 from a customer on account. a. Determine the due date of
Good Day Service Center received a 120-day, 6% note for $370,000, dated May 12 from a customer on account.
| a. | Determine the due date of the note.
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| b. | Determine the maturity value of the note using a year of 365 days. |
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Auditing A Risk Based-Approach
Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
11th Edition
1337619455, 1337619450, 9781337670203 , 978-1337619455
