Cannondale supply company received a 120-day 9 note for


1. Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.

b. Determine the maturity value of the note.

c. Journalize the entry to record the receipt of the payment of the note at maturity.

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Accounting Basics: Cannondale supply company received a 120-day 9 note for
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