Note Receivable Hasty and Tasty Foodservice received a 120-day, 6% note for $60,000, dated April 9, from a customer on a

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Note Receivable Hasty And Tasty Foodservice Received A 120 Day 6 Note For 60 000 Dated April 9 From A Customer On A 1 (17.97 KiB) Viewed 9 times

Note Receivable Hasty and Tasty Foodservice received a 120-day, 6% note for $60,000, dated April 9, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note.. August 7 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. Cash Notes Receivable Interest Revenue 1,200