On July 9, Mifflin Company receives a $8,100, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full? (Use 360 days a year.)
a. Debit Cash $8,100; credit Notes Receivable $8,100.
Get an answer to your question ✅ “On July 9, Mifflin Company receives a $8,100, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » On July 9, Mifflin Company receives a $8,100, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full? (Use 360 days a year.) a.