? Note Receivable

Quick Tire and Lube received a $120-$day, $8\%$ ?note for $$60,000,$ ?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.