On August 2, 2014, SLM Company received a $5,500, 90-day, 5% notes from customer Will Carr as payment on his account. Determine the maturity date and prepare the August 2 and maturity date entries,...

On August 2, 2014, SLM Company received a $5,500, 90-day, 5% notes from customer Will Carr as payment on his account. Determine the maturity date and prepare the August 2 and maturity date entries, assuming the note are honoured by Carr. View Solution:

On August 2 2014 SLM Company received a 5 500 90 day