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Sunshine Service Center received a $40,000, 120-day, 6% note, dated April 12, from a customer on account. Assume 360 days per year.

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a. Determine the due date of the note.

April 12July 12August 10September 10October 12

b. Determine the maturity value of the note. fill in the blank 1 of 1$

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c. Journalize the entry for the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Aug. 10	CashInterest ExpenseInterest ReceivableInterest RevenueNote Receivable	- Select -	- Select -
	CashInterest ExpenseInterest ReceivableNote PayableNote Receivable	- Select -	- Select -
	CashInterest ExpenseInterest PayableInterest ReceivableInterest Revenue	- Select -	- Select -