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The following information is available for a Corporation: Jul 01, 2020 Received a $12,000.00, 4%, 90-days note, dated July 1, from Ruth Stockman in payment

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The following information is available for a Corporation: Jul 01, 2020 Received a $12,000.00, 4%, 90-days note, dated July 1, from Ruth Stockman in payment of her open account. Interest is due at maturity. Maturity date Received notification from Ruth Stockman that she is unable to honour her note at this time. It is expected that Jordan will pay later. Jan 15, 2021 Received full payment from Ruth Stockman for note receivable previously dishonoured. A Corporation uses the allowance method to account for their uncollectible. REQUIRED a. Calculate a maturity date b. Record the transactions for a Corporation

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