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Entries for Notes Recelvabie Autumn Designs 8 Decorators issued a 120-day, 10% note for $78,000, dated Appil 13 to Zebra Furniture Company on account. Assume

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Entries for Notes Recelvabie Autumn Designs 8 Decorators issued a 120-day, 10% note for $78,000, dated Appil 13 to Zebra Furniture Company on account. Assume a 360 -day year when caiculating interest. a. Determine the due date of the note. b. Determine the matirity value of the note, x fentlat F Crear ur wen The due dote 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 doys. Assurne a s60-day year The maturity value is the amount that must be pald at the due dote of the note. At the due date, the compony records the receipt of gayment on the

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