.4 Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.

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.

5. .Northrop Supply Company received a 30-day, 6% note for $40,000, dated September 23 from a customer on account.

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.

Answer rating: 100% (QA)

5A a Determining the Due date of ... View the full answer