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On February 1, 2010, Kern Corporation bought $5,000 of paints and brushes from Mobile Incorporated. Credit terms were 3/10, net 45. On March 15, Kern was unable to pay its outstanding invoice and had Mobile Inc. transfer the outstanding balance to a 10%, 180-day note receivable. Interest is due on the note's maturity date.
-What is the maturity date of Kern's note to Mobile Inc.?

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On February 1, 2010, Kern Corporation bought $5,000 of paints and brushes from Mobile Incorporated. Credit terms were 3/10, net 45. On March 15, Kern was unable to pay its outstanding invoice and had Mobile Inc. transfer the outstanding balance to a 10%, 180-day note receivable. Interest is due on the note's maturity date.
-What is the maturity date of Kern's note to Mobile Inc.?

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On February 1, 2010, Kern Corporation bought $5,000 of paints and brushes from Mobile Incorporated. Credit terms were 3/10, net 45. On March 15, Kern was unable to pay its outstanding invoice and had Mobile Inc. transfer the outstanding balance to a 10%, 180-day note receivable. Interest is due on the note's maturity date.
-What is the maturity date of Kern's note to Mobile Inc.?

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