Instructions Chart of Accounts ASSETS REVENUE Valley Designs issued a 120-day, 9% note for $88,400, dated April 20 to Bork Furniture Company on account. 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue Required: 121 Accounts Receivable-Valley Designs EXPENSES A. Determine the due date of the note. 129 Allowance for Doubtful 510 Cost of Merchandise Sold B. Determine the maturity value of the note. Assume Accounts a 360-day year. Round your answer to the 520 Sales Salaries Expense nearest dollar. 132 Notes Receivable 521 Advertising Expense C. Journalize the entries to record the following: (1) 141 Merchandise Inventory 522 Depreciation Expense- 145 Office Supplies Store Equipment receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity. Refer 146 Store Supplies 523 Delivery Expense to the Chart of Accounts for exact wording of 151 Prepaid Insurance 524 Repairs Expense account titles. Round your answer to the nearest 181 Land 529 Selling Expenses dollar. 191 Store Equipment 530 Office Salaries Expense 192 Accumulated Depreciation- 531 Rent Expense Store Equipment 532 Depreciation Expense- 193 Office Equipment Office Equipment x Chart of Accounts 193 Office Equipment Office Equipment 194 Accumulated Depreciation- 533 Insurance Expense Office Equipment 534 Office Supplies Expense 535 Store Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 537 Cash Short and Over 211 Salaries Payable 538 Bad Debt Expense 213 Sales Tax Payable 539 Miscellaneous Expense 214 Interest Payable 710 Interest Expense 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends