Question: ? Note Receivable Quick Tire and Lube received a 1 2 0 - day, 8 % ?note for $ 6 0 , 0 0 0

? Note Receivable Quick Tire and Lube received a 120-day, 8%
? Note Receivable
Quick Tire and Lube received a 120-day, 8% ?note for $60,000, ?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.
?note for $60,000, ?dated April 9 ?from a customer on account. Assume

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