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pls help Blossom Company accepts from Gates Stores a \$7.700,...

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Accounting

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Blossom Company accepts from Gates Stores a \$7.700, 4-month, 9% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September 30 . (a1) Your answer is correct. Calculate the interest payable at maturity. (Round answer to 0 decimal places, e.8. 5.275.) Interest payable at maturity What entry does Blossom Company make at the maturity date, assuming Gates pays the note and interest in full at that time? (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

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