Question: is this answer correct if not can you correct it, please? Due Today Note Receivable Cube Ice Company received a 120-day, 6% note for $96,000,

is this answer correct if not can you correct it, please? Due Today

is this answer correct if not can you correct it, please? Due

Note Receivable Cube Ice Company received a 120-day, 6% note for $96,000, dated April 9 from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. August 7 b. Determine the maturity value of the note. 65,920 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. Cash 65,920 Notes Receivable 96,000 Interest Revenue -30,080

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