Ch$.9$ Exercises

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Entries for Notes Receivable

a$.$ Determine the due date of the note.

b$.$ Determine the maturity value of the note.

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c$1.$ Journalize the entry to record the receipt of the note by Zebra Furniture. If an amount box does not require an entry, leave it blank.

c$2.$ Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank.