Last day service center received a 90-day 6 note for 50000, Ask an Expert

Accounting

Last Day Service Center received a 90-day, 6% note for $50,000, dated March 12 from a customer on account.

Determine the due date of the note.

Determine the maturity value of the note.

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

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92044497

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