Prefix Supply Company received a $120-$day, $7\%$ note for $$79,000$ dated April $12$ from a customer on account.

Required:

a$.$ Determine the due date of the note.

b$.$ Determine the maturity value of the note. Assume a $360-$day year.

c$.$ Journalize the entry to record the receipt of the payment of the note at maturity.