Cannondale Supply Company received a 120 day, 9 note for $200,000, dated March 13 from a customer on account b Determine the maturity value of the note c Journalize the entry to record the receipt of the payment of the note at maturity ...

b c Journalizing the entry for receipt of the pay ...

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

Question:

Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.
b. Determine the value of the note.
c. Journalize the entry to record the receipt of the payment of the note at Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...