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Sunland Company accepts from Gates Stores a $4,000, 4 month, 9% note dated May 31 in settlement of Gates' overdue account The maturity date of

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Sunland Company accepts from Gates Stores a $4,000, 4 month, 9% note dated May 31 in settlement of Gates' overdue account The maturity date of the note is September 30, (1) Your answer is correct Calculate the interest payable at maturity. (Round answer to decimal places, eg. 5,275.) $ 120 Interest payable at maturity e Textbook and Media Attempts: 1 of 3 used (a2) Whatentry does Sunland Company make at the maturity date assuming Gates pays the note and interest in fuil at that time? (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, 5.275) Debit Credit Account Titles and Explanation

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