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pla help Note Receivable Same Day Surgery Center received a 120-day, 7% note for $24,000, dated April 9 from a customer on account. Assume 360
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Note Receivable Same Day Surgery Center received a 120-day, 7% note for $24,000, dated April 9 from a customer on account. Assume 360 days in a year a. Determine the due date of the note Anturity value of the note April 21 August 7 July 31 June 30 May 31 try 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. 7 Note Receivable Same Day Surgery Center received a 120 day, 7 note for $24,000, 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 it an amount box does not require an entry leave it blank Aug. 7 Accounts Receivable Cash Interest Receivable Interest Revenue Interest Payable Unearned interest Step by Step Solution
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