Question: Cabaniss Company issued a 75-day, 9% note for $30,000.00, dated June 5, to Largent Company on account. Assume a 360-day year when calculating interest. (a)

Cabaniss Company issued a 75-day, 9% note for $30,000.00, dated June

Cabaniss Company issued a 75-day, 9% note for $30,000.00, dated June 5, to Largent Company on account. Assume a 360-day year when calculating interest. (a) Determine the due date of the note. (b) Determine the maturity value of the note. (c) Journalize the entries to record the following: (1) Receipt of the note by the payee Receipt by the payee of the amount due on the note at maturity. Round answers to the nearest $1

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