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Problem - Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account.
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.
ACC2CRE Corporate Reporting Group Case Study Assignment. Prepare necessary adjusting journal entries for the above events
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