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The Watertown Bank lent Sandy's Pastry Store dollar 40, 000 on a sixty day, 7 percentage note dated June 10th. Use a 365 day year

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The Watertown Bank lent Sandy's Pastry Store dollar 40, 000 on a sixty day, 7 percentage note dated June 10th. Use a 365 day year when calculating interest and round all amounts to the nearest dollar. The fiscal year end of the bank is June 30. Required: Determine the due date of the note. Determine the maturity value of the note. Prepare the journal entries made by the bank. Omit explanations

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