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Entries for notes receivable Instructions Chart of Accounts First Questions Journal Instructions Valley Designs issued a 120-day, 5% note for $82,800, dated April 15 to
Entries for notes receivable Instructions Chart of Accounts First Questions Journal Instructions Valley Designs issued a 120-day, 5% note for $82,800, dated April 15 to Bork Furniture Company on account Required: A. Determino the due date of the noto. B. Determine the maturity value of the noter. Assume a 360-day year. Round your answer to the nearest dollar C. Journalize the entries to record the following: (1) receipt of the noto by Bork Furniture and (2) recept of payment of the noto at maturity. Refer to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar. First Questions A. Determine the due date of the note. August 13 Points: 1/1 B. Determine the maturity value of the note. Assume a 360-day year. Round your answer to the nearest dollar Points: 0/1 Feedback Check My Work Joumal eBook Show Me How Print Item C. (1) Joumoir the entry to record the recept of the noto by Bork Futuro Poder to the Chart of Accounts for exact wording of account los. Found your answer to the nearest dollar Question not attempted. PAGE 1 JOURNAL Score: 0/25 ACCOUNTING EQUATION DESCUPTION POSTATY DET CREDIT DATE ASSETS LUBUTIES EQUITY 1 Points 075 C.12) Joumalore the entry to record the receipt of payment of the note at maturity, Peter to the Chart of Accounts for exact wording of account the round your answer to the nearest dollar Question not attempted PACE JOURNAL Score: 0/37 ACCOUNTING EQUATION DET CREDIT MOTS OUTY LATES POST REF DATE DESCRIPTION
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