Asked by Brittany Cates on Apr 25, 2024
Verified
If a 60-day note receivable is dated September 22,what is the maturity date of the note?
Maturity Date
The specified date on a financial instrument at which the principal (or nominal) amount is due to be paid back in full.
Note Receivable
A note receivable is a written promise to receive a specific amount of money, plus interest if applicable, at a future date, serving as an asset on the balance sheet.
- Note in the financial records the acceptance of a note receivable and ascertain the interest earned on notes receivable.
Verified Answer
JW
Learning Objectives
- Note in the financial records the acceptance of a note receivable and ascertain the interest earned on notes receivable.