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Entries for notes receivable Instructions Chart of Accounts Starting Questions Journal Instructions Spring Designs & Decorators issued a 180-day, 6% note for $76,800, dated April

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Entries for notes receivable Instructions Chart of Accounts Starting Questions Journal Instructions Spring Designs & Decorators issued a 180-day, 6% note for $76,800, dated April 13 to Jatto Furniture Company on account. Required: A. Determine the due date of the note. 8. Determine the maturity value of the note. Assume a 360-day year when calculating interest 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. Refer to the Chart of Accounts for exact wording of account titles. Instructions Chart of Accounts Starting Questions Journal Instructions Starting Questions A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day your when calculating interest. TOP ok Show Me How Calculator E Print Item atries for notes receivable Instructions Chart of Accounts Starting Questions Journal 18 Instructions Starting Questions Journal c. (1) Journalize the entry to record the receipt of the note by Jaffe Furniture. Refer to the Chart of Accounts for exact wording of accounts. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REE DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 C. (2) Journalize the entry to record the receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of accountries. Print Rem Eries for notes receivable Instructions Chart of Accounts Starting Questions Journal Anstructions Starting Questions Journal 2 C (2) Journalize the entry to record the receipt of payment of the noto at maturity. Refer to the Chart of Accounts for exact wording of accountitles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RER DERIT CREDIT ASSETS LIABILITIES EQUITY 1 2

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