PROBLEM V

Burke Interior Decorators issued a $60-$day, $9\%$ note for $15,000$ on March $3,$ to Loree Furniture Company on account, dated March

a$.$ Determine the due date of the note.

b$.$ Determine the maturity value of the note.

c$.$ Journalize the entries to record the following: $(1)$ receipt of the note by the payee, and $(2)$ receipt by the payee of payment of the note at maturity.