Sunshine Service Center received a

$40,000,120

-day,

6%

note, dated April 12, from a customer on account. Assume 360 days per year.\ a. Determine the due date of the note.\ August 10\ 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.\ Aug. 10\ Note Receivable\ Interest Revenue

Sunshine Service Center received a $40,000,120-day, 6% note, dated April 12 , from a customer on account. Assume 360 days per year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Joumalize 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