On March 11, 2022, FDNÁCCT Services issued to a lender a 120-day, non- interest-bearing P400,000 note for a down payment to purchase a delivery van. When was the maturity date of the note? Enter your answer as month/day/year. Examples: April 2, 2022 as 04/02/2022 [no spaces in between the /] May 15, 2022 as 05/15/2022 [no spaces in between the /]

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On March 11, 2022, FDNÁCCT Services issued to a lender a 120-day, non-
interest-bearing P400,000 note for a down payment to purchase a delivery
van. When was the maturity date of the note?
Enter your answer as month/day/year.
Examples:
April 2, 2022 as 04/02/2022 [no spaces in between the /]
May 15, 2022 as 05/15/2022 [no spaces in between the /]
Transcribed Image Text:On March 11, 2022, FDNÁCCT Services issued to a lender a 120-day, non- interest-bearing P400,000 note for a down payment to purchase a delivery van. When was the maturity date of the note? Enter your answer as month/day/year. Examples: April 2, 2022 as 04/02/2022 [no spaces in between the /] May 15, 2022 as 05/15/2022 [no spaces in between the /]
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