Question: Note Receivable Cube Ice Company received a 1 2 0 - day, 6 % note for $ 2 4 , 0 0 0 , dated

Note Receivable Cube Ice Company received a 120-day, 6% note for

Note Receivable
Cube Ice Company received a 120-day, 6% note for $24,000, 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
$24,000, dated April 9 from a customer on account. Assume 360 days

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