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Entries for Notes Receivable Valley Designs issued a 90-day, 9% note for $48,000, dated April 22, to Bork Furniture Company on account. Assume 360 days

Entries for Notes Receivable

Valley Designs issued a 90-day, 9% note for $48,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest.

Determine the maturity value of the note.

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