Hasty and Tasty Foodservice received a 120-day, 7% note for $84,000, dated June 12, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. October 10 b. Determine the maturity value of the note. Feedback 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 v Notes Receivable v Interest Revenue v 000 000

Hasty and Tasty Foodservice received a 120-day, 7% note for $84,000, dated June 12, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. October 10 b. Determine the maturity value of the note. Feedback 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 v Notes Receivable v Interest Revenue v 000 000

Name: Note ReceivableHasty and Tasty Foodservice received a 120-day, 7% not
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Description: Note ReceivableHasty and Tasty Foodservice received a 120-day, 7% note for $84,000, dated June 12, from a customer on account. Assume 360 days in a year.a. Determine the due date of the note.October 10b. Determine the maturity value of the note.Feed

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter8: Receivables

Section: Chapter Questions

Problem 4PB

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