Starling Silks received a 60-day, 5% note for $20,000 on May 5. Which of the following statements is TRUE?

a. On May 5, Starling Silks should record a total receivable due of $21,000.

b. Starling Silks will receive $20,000 plus interest of $1,000 at maturity.

c. The company should receive the principal of the note plus interest in early July.

d. The maturity value of this note is $20,000.