Solution-What is the maturity date of the note

What is the maturity date of the note

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Reference no: EM13513179

Gambit Stores accepts from Leonard Co. a $3,400, 90-day, 6% note dated May 10 in settlement of Leonard's overdue account. (a) What is the maturity date of the note? (b) What entry does Gambit make at the maturity date, assuming Leonard pays the note and interest in full at that time?

Reference no: EM13513179

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What is the maturity date of the note : Gambit Stores accepts from Leonard Co. a $3,400, 90-day, 6% note dated May 10 in settlement of Leonard's overdue account. (a) What is the maturity date of the note?

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What is the maturity date of the note

Reference no: EM13513179

Reference no: EM13513179

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