The maturity date of the note is september 30 what entry


Gilliam Wholesalers accepts from Perlman Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Perlman's overdue account. The maturity date of the note is September 30. What entry does Gilliam make at the maturity date, assuming Perlman pays the note and interest in full at that time?

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Accounting Basics: The maturity date of the note is september 30 what entry
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