Splish Brothers Wholesalers accepts from Gates Stores a $12,000,4-month, 10% note dated May 31 in...
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Splish Brothers Wholesalers accepts from Gates Stores a $12,000,4-month, 10% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September 30 . What entry does Splish Brothers make at the maturity date, assuming Gates pays the note and interest in full at that time? (Credit occount titles are automatically indented when amount is entered. Do not indent manually.)
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