Mini Microphones accepts a $$25,000,7\%$ interest, $90$ day note in payment of a past due accounts receivable on June $1.$ Hint: use the Account List $-$ click to pop open to help you with your journal entries.

a$)$ Record the journal entry required on June $1.$

$\backslash$table$[[$Date Description,Debit,Credit,$],[$June $1,,,]]$

b$)$ What is the maturity date?

Number of days in Note

Days remaining in June

Days remaining in July

Days left in August

Maturity date:

Select an answer $$

c$)$ The note is paid at maturity. Record the journal entry required $($calculate to $2$ decimal places$).$

$\backslash$table$[[$Date$,$Description,Debit,Credit$],[$Maturity$,,,],[,,,],[,,,],[,,,]]$