Comp Final New $12/4/23$

Note Receivable

Same Day Surgery Center 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. If an amount box does not require an entry, leave it blank.

Aug. $7$