Quick Tire and Lube received a 120-day, 7% note for $60,000, dated June 12, from a customer on account. Assume 360 days in a year.

a. Determine the due date of the note.

b. Determine the maturity value 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.

		fill in the blank 900875f7dfc9f90_2	fill in the blank 900875f7dfc9f90_3