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Entries for Notes Receivable Valley Designs issued a 90-day, 6 note for $36,000, dated April 19, to Bark Furniture Company on account. Assume 360 days

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Entries for Notes Receivable Valley Designs issued a 90-day, 6 note for $36,000, dated April 19, to Bark Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note July 18 b. Determine the maturity value of the note. The due date is the one the note is to be paid Remember the interest rate w ated on an annual 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 an amount box does not require an entry leave it blank c. Journalize the entry to record the receipt of the note by Bor Furniture Notes Rece Recent Valley Deans The account receivable must be removed from the books and the newly issued not receivable recorded Courrethored to payent of the team and t h e

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