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

a. Determine the due date of the note.

b. Determine the maturity value of the note. When required, round your answers to the nearest dollar. $

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. When required, round your answers to the nearest dollar.

Aug. 10