Wyoming Company issued a 3-month, 6% note for $72,000, dated July 1, from C. Buss Co. on account for sale of goods. 

a. Compute the maturity date of the note. 

b. Compute the maturity value of the note. 1) Compute the Interest on the note: 2) Add the interest and the principle: $720 

c. Record the receipt of payment of the note as of the maturity date from C. Buss Co. JOURNAL

Answer rating: 100% (QA)

a The maturity date of the note can be calculated by adding three months to the issue ... View the full answer