Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on may 14, bentley company received a $75,000, 8%,

On May 14, Bentley Company received a $75,000, 8%, 90day note froma          customer for...On May...

60.1K

Verified Solution

Question

Accounting

  1. On May 14, Bentley Company received a $75,000, 8%, 90day note froma          

customer for the sale ofmerchandise.

           What is the maturity date of this note?

           What is the maturity value of this note?

          Record the journal entries on May 14 and the maturity date forBentley

          Company, the payee on the note.

          May14:                                                                                      

         Maturity Date:

Answer & Explanation Solved by verified expert
3.5 Ratings (405 Votes)
Information Given On May 14 Bentley Company received a 75000 8 90 day note from a customer for the sale of merchandise 1 What is the maturity date of this note Answer    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingOn May 14, Bentley Company received a $75,000, 8%, 90day note froma          customer for...On May 14, Bentley Company received a $75,000, 8%, 90day note froma          customer for the sale ofmerchandise.           What is the maturity date of this note?           What is the maturity value of this note?          Record the journal entries on May 14 and the maturity date forBentley          Company, the payee on the note.          May14:                                                                                               Maturity Date:

Other questions asked by students

Q

Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in...

Accounting
Q

1. Short and long reflexes in the gastrointestinal track get their names due to the fact that...

Medical Sciences
Q

What stresses did the Byzantine Empire endure in the seventh and eighth centuries, and how was...

Psychology
Q

Explain 5 ways in which Instrumentation & Control systems should categorically contribute to the bottom-line of...

Electrical Engineering
Q

1.) Corn is blanched in a 5 meter long steam tunnel blancher. The corn goes into...

Advance Math
Q

Environmental costing is an attempt to take the explicit and implicit environmental cost associated with a...

Accounting
Q

Allison has a newborn child that was the result of a sperm donor conceptions. She...

Biology
Q

Quadrilateral ABCD has verticesA(-2, 1), B(4,4), C(5, 0), and D(-1, -2).Which side is the longest?CDDAABBC

Basic Math
Q

A prisoner is trapped in a cell containing 3 doors The first door leads to...

Statistics
Q

Find the magnitude and direction angle for the following vector Give the direction angle as...

Calculus
Q

Suppose that on January 15,2020 , the Canadian government issued a ten-year inflation...

Accounting
Q

Which of the following factors should be included in the cash flows used to estimate...

Finance