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  3. 4. on july 7 a 5%, 90-day, $2,600 note receivable

4. On July 7 a 5%, 90-day, $2,600 note receivable is accepted from a customer...

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Accounting

4. On July 7 a 5%, 90-day, $2,600 note receivable is accepted from a customer for the sale of farm equipment. Which of the following is correct?

Due Date Maturity Value

A. 10/4 $2,600.00

B. 10/5 $2,730.00

C. 10/5 $2,632.50

D. 10/6 $2,632.50

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