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Record the journal entry at maturity for the collection

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Reference no: EM132794560

Question - Notes Receivable - On 04/15/19, Cityone Bank loaned $15,000 to Jones company in exchange for a 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: EM132794560

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