Guzman Company received a 60-day, 7% note for $79,000 dated July 12 from a customer on account.

	Required:
	a. Determine the due date of the note.
	b. Determine the maturity value The amount that is due at the maturity or due date of a note. of the note.
	c. Journalize the entry to record the receipt of the payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles. 1. Determine the due date of the note. 2. Determine the maturity value The amount that is due at the maturity or due date of a note. of the note. (Note: Round computations to the nearest whole dollar.)? 3. Complete Journal