A 60-day note receivable dated July 13 has a maturity date of

Question

Quizplus · Accepted Answer

To determine the maturity date of a note receivable, you need to add the number of days in the term of the note to the date it was issued.

In this case, the note was issued on July 13, and it has a term of 60 days. To find the maturity date, we add 60 days to July 13:

July 13 + 60 days = September 11

Therefore, the maturity date of the note is September 11, making choice B the correct answer.

A 60-Day Note Receivable Dated July 13 Has a Maturity