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Entries for notes receivable Chart of Accounts First Questions Journal Instructions Valley Designs issued a 120-day, 9% note for S88.400, dated April 15 to Bork

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Entries for notes receivable Chart of Accounts First Questions Journal Instructions Valley Designs issued a 120-day, 9% note for S88.400, dated April 15 to Bork Furniture Company on acount Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year. Round your answer to the nearest dollar C Journalize the entries to record the following:(1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity Reter to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar

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