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Chart of Accounts Starting Questions Journal Instructions Spring Designs & Decorators issued a 180-day, 9% note for $88,400, dated April 13 to Jatte Furniture Company
Chart of Accounts Starting Questions Journal Instructions Spring Designs & Decorators issued a 180-day, 9% note for $88,400, dated April 13 to Jatte Furniture Company on account. Required: A. Determine the due date of the note B. Determine the maturity value of the note. Assume a 360 day year when calculating interest C. Journalize the entries to record the following: (1) receipt of the note by Jaffe Furniture and (2) receipt of payment of the note at maturity. Rofor to the Chart of Accounts for exact wording of account titles. Instructions Chart of Accounts Starting Questions Journal Starting Questions A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest. C.) Jumate the only to record the roof of the note by Jaffe Puriture for to the Chart of Accounts for a wording of PAGE 1 ACCOUNTING EQUATION JOURNAL ASSETS LIABILITIES UITY DESCRIPTION C.) Jumate the entry to record the recept of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. CREDIT ASSETS LIABILITIES EQUITY
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