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6 September, 14:40

On june 8, smith technologies issued a $75,000, 6%, 140-day note payable to johnson company. what is the due date of the note?

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  1. 6 September, 15:03
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    We need to identify the due date such as the solution is shown below:

    June 8 we have 6/30 days which is equal to 22 days

    July we have 31 days

    August we have 31 days

    September is 30 days

    Then, we have 22 + 31 + 31 + 30 and the total is 114 days plus 6 days (si).

    Therefore, the answer is 120 days.
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