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Note Receivable Cube Ice Company received a 120-day, 8% note for $84,000, 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 4 Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 5* $84,000 6% 120 days b. February 15 * 18,000 30 days May 19 68,000 45 days d. August 20 34,800 5 90 days October 19 54,000 90 days * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note Due Date Interest C. 00 e. 7 (a) $ (b) $ (d) (e) Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Dec. 7. Dec. 31. Received from Unitarian Clothing and Bags Co., on account, a $96,000, 60-day, 6% note dated December 7. Recorded an adjusting entry for accrued interest on the note of December 7. Recorded the closing entry for interest revenue. Dec. 31. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume February has 28 days in 2018 If required, round the interest to the nearest cent. 2017, Dec. 7 Dec. 31 Dec. 31 II II llll bi ll llll 20Y8, Feb. 5