Solved: Same day surgery center received a 120-day 6 note for 40000, Financial Accounting

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Same day surgery center received a 120-day 6 note for 40000

Same Day Surgery Center received a 120-day, 6% note for $40,000, dated March 14 from a patient on account.

a. Determine the due date of the note.
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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Financial Accounting: Same day surgery center received a 120-day 6 note for 40000

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Financial Accounting: Same day surgery center received a 120-day 6 note for 40000

Reference No:- TGS0774573

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