PART TWO

Question 3 0.5 Bonita industries accepts from Gates Stores a $ 8 60. 4 month, 6% note dated May 31 n settlement of Gates overdue account. The maturity date of the note is September 30 Your answer is correct. Calculate the interest payable at maturity, (Round answer to O decimal places,eg $155) Interest payable a 172 eTextbook a and Media List of Accounts Attempts:1 of 2 used What entry does Bonita Industries make at the maturity date, assuming Gates pays the note and interest in full at that time? (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answer to O decimal places,eg.152 Account Titles and Explanation Debit Credit To record collection of Gates note and interest) eTextbook a and Media List of Accounts Attempts:0of 2 used Check