Note Receivable Prefix Supply Company received a 120-day, 8% note for $450,000, 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. $ Feedback! Check My Work The due date is the date the note is to be paid. Assume a 360 day year. The maturity value is the amount that must be paid at the due date 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 Feedback Check My Work At the due date, the company records the receipt of payment on the note.
Note Receivable Prefix Supply Company received a 120-day, 8% note for $450,000, 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. $ Feedback! Check My Work The due date is the date the note is to be paid. Assume a 360 day year. The maturity value is the amount that must be paid at the due date 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 Feedback Check My Work At the due date, the company records the receipt of payment on the note.
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.8C
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Note Receivable
X D21 4-2 Problem Set: Module Four X
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a. Determine the due date of the note.
VOUS
Feedback
Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Assume 360 days in a year.
b. Determine the maturity value of the note.
$
CengageNOWv2 | Online teachi X +
Feedback
Locator=&inprogress=... A 9
Check My Work
The due date is the date the note is to be paid.
Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note.
Check My Work
At the due date, the company records the receipt of payment on 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
O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F775d54bd-f872-4631-aaed-0626111ff230%2Facf1eb10-938e-49a0-b11b-ba79358dc2a7%2F00eqahs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Search for Jobs
eBookN/W/WN
ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession
Note Receivable
X D21 4-2 Problem Set: Module Four X
Show Me How
a. Determine the due date of the note.
VOUS
Feedback
Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Assume 360 days in a year.
b. Determine the maturity value of the note.
$
CengageNOWv2 | Online teachi X +
Feedback
Locator=&inprogress=... A 9
Check My Work
The due date is the date the note is to be paid.
Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note.
Check My Work
At the due date, the company records the receipt of payment on 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
O
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