Mr. Potts issued a 90-day, 7% note for $200,000, dated February 3 to Valley Co. on account. (Assume a 360-day year when calculating interest.) a. Determine the due date of the note. b. Determine the interest. $fill in the blank 3e767c036052f8a_2 c. Determine the maturity value of the note. $fill in the blank 3e767c036052f8a_3 d. Journalize the entry to record the receipt of the note from Potts on Feb. 3. If an amount box does not require an entry, leave it blank. fill in the blank ff02e2050045fe7_2 fill in the blank ff02e2050045fe7_3 fill in the blank ff02e2050045fe7_5 fill in the blank ff02e2050045fe7_6 e. Journalize the entry to record the receipt of payment of the note at maturity by Valley Co. If an amount box does not require an entry, leave it blank.
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Mr. Potts issued a 90-day, 7% note for $200,000, dated February 3 to Valley Co. on account. (Assume...
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