A 60-day note receivable dated July 11 has a maturity date of
A) September 11.
B) September 9.
C) September 10.
D) September 12.

Name: A 60-day note receivable dated July 11 has a maturity date of A) September 11. B) September 9. C) September 10. D) September 12.
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Question

Quizplus · Accepted Answer

To calculate the maturity date of a note, you need to add the number of days in the term to the date of issuance. In this case, adding 60 days to July 11 gives a maturity date of September 9.

A 60-Day Note Receivable Dated July 11 Has a Maturity