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Uemura Ltd. in Osaka, Japan, accepts from Miyashita Co. a 3,400,000, 90-day, 6% (per annum) note dated May 10, 2020, in settlement of Miyashitas overdue

  1. Uemura Ltd. in Osaka, Japan, accepts from Miyashita Co. a 3,400,000, 90-day, 6% (per annum) note dated May 10, 2020, in settlement of Miyashitas overdue account. (Currency in Japanese yen, )

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  1. What is the maturity date of the note?
  2. What entry does Uemura Ltd. make at the maturity date, assuming Miyashita Co. pays the note and interest in full at that time?

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