Entries for notes receivable Instructions Chart of Accounts First Questions Journal III Instructions Autumn Designs & Decorators issued a 120-day, 4% note for $76,800, dated April 13 to Zebra 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. Do not round your intermediate calculations and round your final answer to the nearest dollar. c. Journalize the entries to record the following (1) receipt of the note by Zebra Furniture and (2) receipt of payment of the note at maturity Refer to the chart of accounts for the exact wording of the account teles. CNOW journals do not use Ines for journal explanations Every kino on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS Zebra Furniture Company General Ledger CHART OF ACCOUNTS Zebra Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue EXPENSES 111 Petty Cash 121 Accounts Receivable-Autumn Designs & Decorators 129 Allowance for Doubtful Accounts 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment LIABILITIES LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary First Questions a. Determine the due date of the note. August 11 a. Determine the due date of the note August 11 Points 1/1 D. Determine the maturity value of the nate. Assume a 360-day year when calculating interest. Do not round your intermediate calculations and round your final answer to the nearest dollar. s Points 071