Question: Blackwell Industries received a 120-day, 9% note for $150,000, dated August 13 from a customer on account. Required: 1. Determine the due date of the

Blackwell Industries received a 120-day, 9% note for $150,000, dated August 13 from a customer on account.

Required:

1. Determine the due date of the note.

2. Determine the maturity value of the note (assume 360 days in a year and round to the nearest dollar if necessary.) .

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

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