Lundquist company received a 60-day, 4% note for $46,000, dated july 23, from a customer on account. required: a. determine the due date of the note. b. determine the maturity value of the note. assume 360 days in a year. c. journalize the entry to record the receipt of the payment of the note at maturity. refer to the chart of accounts for exact wording of account titles.
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Lundquist company received a 60-day, 4% note for $46,000, dated july 23, from a customer on account....
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