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Calculate the maturity value of the note

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Reference no: EM132794476

Question - Notes Receivable - On 04/15/19, City One Bank loaned $15,000 to Jones company in exchange for an 8%, 90-day promissory note.

Required -

1) Indicate the date of Maturity.

2) Calculate the Maturity Value of the Note.

3) Record the journal entry at Maturity for the collection of the note.

Reference no: EM132794476

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