Business, 21.07.2020 20:01, jalenshayewilliams
Cube Ice Company received a 120-day, 7% note for $12,000, dated April 9 from a customer on account. Assume 360 days in a 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.
Answers: 3
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Cube Ice Company received a 120-day, 7% note for $12,000, dated April 9 from a customer on account....
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