Solution-Determine the due date of the note

Determine the due date of the note

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Reference no: EM13511878

Holsten Interior Decorators issued a 90-day, 9% note for $25,000, dated April 6, to Maderia Furniture Company on account.

a. Determine the due date of the note.

b. Determine the maturity value of the note.

c. Journalize the entries to record the following:

(1) Receipt of the note by the payee and

(2) Receipt by the payee of payment of the note at maturity.

Reference no: EM13511878

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Determine the due date of the note

Reference no: EM13511878

Reference no: EM13511878

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