Solved: What is the maturity date of the note and what is the entry, Cost Accounting

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What is the maturity date of the note and what is the entry

Gambit Logo Shirts accepts from Leonard Golf Pros hops a $3,400, ninety-day, 12 percent note dated May 10 in settlement of Leonard's overdue account.

What is the maturity date of the note? What is the entry made by Gambit at the maturity date, assuming Leonard pays the note and interest in full at that time?

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Cost Accounting: What is the maturity date of the note and what is the entry

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Cost Accounting: What is the maturity date of the note and what is the entry

Reference No:- TGS0814117

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