2.a) Assume that on January 1, 2021, a six-month, 12\% note receivable is acquired from a customer
in settlement of an existing account receivable of \$50000. (20 points)
Date
Debit
Credit
Db
Cr
a) On July 1, 2021 (6 months after the date of the note), the note matures. Customer pays in cash
Calculations
Define
Debit
Credit
Db
Cr