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Note receivable Prefix Supply Company received a 120-day, 10% note for $48,000, dated April...

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Accounting

Note receivable
Prefix Supply Company received a 120-day, 10% note for $48,000, dated April 12 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.
$
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.
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