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Note receivable Induction Chart of Accounts First Questions Journal Instructions Prefix Supply Company received a 60-day, 1% note for $21,500 dated July 12 from a

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Note receivable Induction Chart of Accounts First Questions Journal Instructions Prefix Supply Company received a 60-day, 1% note for $21,500 dated July 12 from a customer on account, Required: a. Determine the due date of the note. b. Determine the matunity value of the note. Assume a 360-day year. c. Journalize the entry to record the receipt of the payment or the note at maturity. Rotor to the Chart of Accounts for exact wording of account titles Instructions First Questions a. Determine the due date of the note. a b. Determine the maturity value of the note. Assume a 360-day year. (Note: Round computations to the nearest whole dollar) $

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