Question

A 60-day note receivable dated June 17 has a maturity date of

Answer 1

the maturity date is August 12

Step-by-step explanation:

The computation of the maturity date of 60 day note receivable dated on June 17 is as follows

Here we have to determine the 60 days from June 17

So in June, the remaining days left would be = (30 - 17) = 13

31 days in July

And, the rest of the days i.e. 12 days in August

So, the maturity date is August 12

Hence, the same would be considered

and, the same is relevant