Academy Grill Supply
On October 1, 2013, the company received a $50,000 promissory note from a customer. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2013.
-Refer to Absolute Appliances. What is the maturity date of the note?

Question

Quizplus · Accepted Answer

The maturity date of the note is given as September 30, 2013 in the problem, so none of the answer choices make sense as they are all after that date. Therefore, none of the answer choices are correct.

Academy Grill Supply On October 1, 2013, the Company Received a $50,000 Promissory