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Determine the maturity value of the note

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Reference no: EM132694444

Problem - Lundquist Company received a 60-day, 9% note for $28,000, dated July 23, from a customer on account.

Required -

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.

Reference no: EM132694444

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