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Sunshine service center received a 120-day 6 note for

Question - Sunshine Service Center received a 120-day, 6% note for $40,000,dated April 12 from a customer on account. Assume a 360 day year.

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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Accounting Basics: Sunshine service center received a 120-day 6 note for

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Accounting Basics: Sunshine service center received a 120-day 6 note for

Reference No:- TGS02568022

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