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Prefix supply company received a 120-day, 6% note for $28,000 dated April 12 from a customer on account Required: A) determine the due date of
Prefix supply company received a 120-day, 6% note for $28,000 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 of maturity
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