Valley Designs issued a 1 2 0 - day, 6 % note for $ 6 0 ,
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Question:
Valley Designs issued a day, note for $ dated April to Bork Furniture Company on account. Assume a day year.
a Determine the due date of the note.
b Determine the maturity value of the note.
$
c Journalize the entry to record the receipt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank.
c 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.
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