Entries for notes receivable Valley Designs issued a 120-day, 6% note for $60,000 dated April 10 to Bork Furniture Company on account. Assume a 360-day year. a. Determine the due date of the note. August 8 b. Determine the maturity value of the note. 62,000 X Feedback Check My Work The due date is the date the note is to be paid. Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360-day year. The maturity value is the amount that must be paid at the due date of the note. c1. Journalize the entry to record the receipt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank. Account Notes Receivable Accounts Receivable-Valley Designs Debit Credit