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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

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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. A. Determine the due date of the note. Points: 0/1 B. Determine the maturity value of the note. Assume a 360-day year. K Points: 0/1 JOURNAL Score: 0/25 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSE

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