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Pharoah Company accepts from Gates 5 tores a $6,400,4-month, 9% note dated May 31 in settlement of Gates overdue account. The maturity dite of the

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Pharoah Company accepts from Gates 5 tores a \$6,400,4-month, 9% note dated May 31 in settlement of Gates overdue account. The maturity dite of the note is September 30 (a1) Your answer is korrect. Calculate the interest payable at maturity. (Round answer to 0 decimal places, es, 5,275. Interest payable at maturity What entry does Pharoah Company make at the maturity date, assuming Gates pays the note and interest in full at that time? (Credit account titles are outomatically indented when amount is entered. Do not indent monually. Round answers to 0 decimal places, es. 5,275.)

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