Lundquist Company received a 60-day, 10% note for $48,000, dated July 23, from a customer on account.

	Required:
	a. Determine the due date of the note.
	b. Determine the maturity value of the note. Assume 360 days in a year.
	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.