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help please Chart of Accounts First Questions Journal IH Instructions Valley Designs issued a 120-day, 6% note for $80,000 dated April 20 to Bork Furniture
help please Chart of Accounts First Questions Journal IH Instructions Valley Designs issued a 120-day, 6% note for $80,000 dated April 20 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year. C. Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles. Nes Previous Check My Work 2 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Submit Assignment for Instructions First Questions CH A. Determine the due date of the note. Office Eq B. Determine the maturity value of the note. Assume a 360-day year. ET
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