Question
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.
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. August 7 b. Determine the maturity value of the note. $fill in the blank c0a945068013fee_2 Feedback 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 Cash fill in the blank 27b28bf2ffb6fa2_2 fill in the blank 27b28bf2ffb6fa2_3 Notes Receivable fill in the blank 27b28bf2ffb6fa2_5 fill in the blank 27b28bf2ffb6fa2_6 Interest Revenue fill in the blank 27b28bf2ffb6fa2_8 fill in the blank 27b28bf2ffb6fa2_9
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