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Solve for A2 part please Ivanhoe Company accepts from Gates Stores a $5,600,4-month, 6% note dated May 31 in settlement of Gates overdue account. The
Solve for A2 part please
Ivanhoe Company accepts from Gates Stores a $5,600,4-month, 6\% note dated May 31 in settlement of Gates overdue account. The maturity date of the note is Septemher 30 . (a1) Your answer has been saved. See score details after the due date. Calculate the interest payable at maturity. (Round onswer to 0 decimal ploces, eg: 5,275.) Interest payable at maturity Attempts: 1 of 1 used (a2) What entry does Ivanhoe Company make at the maturity date, assuming Gates pays the note and interest in full at that time? (Credit occount titles are outomatically indented when amount is entered. Do not indent manualiy. Round answers to 0 decimal places, eg. 5,275 Step by Step Solution
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