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Lone Star Company received an $80,000, 6%, 90-day note, dated March 12, from a customer in payment of the customer's account receivable. (Assume a 360-day
Lone Star Company received an $80,000, 6%, 90-day note, dated March 12, from a customer in payment of the customer's account receivable. (Assume a 360-day year when calculating interest.) a. Determine the due date of the note. b. Determine the maturity value of the note. $ c. Journalize the entry for the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. June 10
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