Note Receivable

Cube Ice Company received a $120-$day, $6\%$ note for $$24,000,$ dated April $9$ from a customer on account. Assume $360$ days in a year.

a$.$ Determine the due date of the note.

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. $7$

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