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Prefix Supply Company received a 120-day, 10% note for $48,000 dated April 12 from a customer on account. Required: a. Determine the due date

Prefix Supply Company received a 120-day, 10% note for $48,000 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.

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