Question: Lone Star Company received an $80,000, 6%, 90-day note, dated March 12, from a customer in payment of the customer's account receivable. (Assume a 360-day

Lone Star Company received an $80,000, 6%, 90-day note, dated March 12, from a customer in payment of the customer's account receivable. (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 entry for the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. June 10

calculating interest.) a. Determine the due date of the note b. Determune the matunty value of the note. c. lournalize the entry for the receipt of the payment of the note at matinity, ir an amount box does nok reouire an mitry, leave it blank

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