Question:

Prefix Supply Company received a 120 day 10 note for 24 000

Last updated: 10/31/2023

Prefix Supply Company received a 120 day 10 note for 24 000

Prefix Supply Company received a 120 day 10 note for 24 000 dated April 12 from a customer on account Assume 360 days in a year a Determine the due date of the note August 10 b Determine the maturity value of the note Feedback Check My Work 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