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PE 9-5B Note Receivable < OBJ. 6 EE 9-5 Maggiano Supply Company received a 120-day, 6% note for $420,000, dated June 12, from a customer
PE 9-5B Note Receivable < OBJ. 6 EE 9-5 Maggiano Supply Company received a 120-day, 6% note for $420,000, dated June 12, from a customer on account. 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
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
