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Make the journal entry on the maturity date of the note

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Reference no: EM132525320

A 90 day, 4%, $9,200 note was signed by L. Tron on June 16, 2018 converting her overdue Account Receivable.

Required:

Question 1: Record the maturity date of the note

Question 2: Prepare the journal entry on the maturity date of the note. Note: L. Tron honoured the note.

Reference no: EM132525320

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