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Question - Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Assume 360 days in a year.
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. If an amount box does not require an entry, leave it blank.
What is the amount of the adjusting entry to provide for doubtful accounts on December 31? Round all computations to the nearest dollar
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you are an employee of a wealth management consultancy. as your first accounting assignment for the consultancy you are
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