Question: Guzman Company received a 60-day, 6% note for $28,000 dated July 12 from a customer on account. Required: a. Determine the due date of the
Guzman Company received a 60-day, 6% note for $28,000 dated July 12 from a customer on account. Required: a. Determine the due date of the note. b. Determine the maturily value of the note. c. Joumalize the entry to record the recelpt of the payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account tites
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