Prefix Supply Company received a $120-$day, $8\%$ note for $$450,000,$ dated April $9$ from a customer on account. Assume $360$ days in a year.

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

$x$

b$.$ Determine the maturity value of the note.

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The due date is the date the note is to be paid.

Assume a $360$ day year. The maturity value is the amount that must be paid at the due date of the note.

c$.$ Journalize the entry 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. $7$