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hasty tasty food service received a 120 day6% note for $72,000 dated April 9 from a customer on account assume 360 days in a year

hasty tasty food service received a 120 day6% note for $72,000 dated April 9 from a customer on account assume 360 days in a year
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Note Receivable Hasty and Tasty Foodservice received a 120-day, 6% 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 maturity value of the note. 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. Aug. 7 Cash Notes Receivable Interest Revenue

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