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Valley Designs issued a 90 -day, 9% note for $90,000, dated April 19, to Bork Fumiture Company on account. Assume 360 days in a a. Determine the due date of the note. b. Determine the maturity value of the note. c1. Joumalize the entry to record the recelpt of the note by Bork. Furniture, If an amount box does not require an entry, leave it blanic c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it b Entries for Notes Recelvable Valley Designs issued a 90 -day, 9% note for $90,000, dated April 19, to Bork Fumiture Company on account. Assume 360 days in a year wh a. Determine the due date of the note. b. Determine the maturity value of the note. Entries for Notes Recchvable Valley Designs issued a 90-day, 9% note for $90,000, doted April 19 , to Bork Furniture Company on account. Assume 360 days in a year when computing a. Determine the due date of the note: iturity value of the note. Cx. Journarze the entry to record the receipt of the note by Bork furniture. If an amount box does not require an entry, leave it blank. C2. Journalize the entry to record the recelpt of payment of the note at maturity. If an amount box does not require an entry, icave it blank. Bsak Reconcilatien The following data were accumsulated for use in reconcling the bank account of Creative Design Co, for Aygust 20Y5: 1. Cash bslance according to the compary's records at August 31,$23,250. 2. Cash bolance according to the bank statement at August 31,$24,680. 3. Checks outstandine, $4,720. 4. Deposit in transit, not recorded by bank, $3,790. 5. A check for $170 in payment of an account was erroneously reconded in the check register as $710. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconcliation, using the format shown in Exhibit 13. b. If the balance sheet were prepered for Creative Design Co. on August 31, what amount ahould be reported for cash? c. Must a bank recoscilation always balance (reconcle)? Entries for Notes Recelvable Valley Designs issued a 90 -day, 9% note for $90,000, dated April 19, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. b. Determine the moturity value of the note. c1. Joumalize the entry to record the recelpt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank. c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. Bark Roconcisation The following data mere accurtulated for use in reconsiling the bonk account of Creative Design Co, for Ausust 20r5 : 1. Cosh balance occording to the comeany's records at August 31, 523,250 . 2. Cash balance according to the bank statempot at August 31,$24,680. 3. Checks outstanding, $4,720. 4. Oeposit in tranat, not recerded by benk, $3,390. 5. A check for $170 in payment of an account was erronecusly recorded in the check register as $710 6. Bank debk memo for service charges, t4a. a. Prepare a bank reconcliation, using the format shown in exhibt 13 , b. If the balance sheet were piepared for Creasive Dealgn Ca on August 31 , what amount shood be reported fer cach? e. Mut a tank recenclistion alwars balahce (reconcie)
