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Valley Designs issued a 120-day, 6% note for $76,800, dated April 10 to Bork Furniture Company on account. a. Determine the due date of the
Valley Designs issued a 120-day, 6% note for $76,800, dated April 10 to Bork Furniture Company on account. a. Determine the due date of the note. Required: 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 Bork Furniture and (2) receipt of payment of the note at maturity. b. Determine the maturity value of the no General Journal General Journal Instructions c. (1) Journalize the entry to record the receipt of the note by Bork Furniture. c. (2) Journalize the entry to record the receipt of payment of the note at maturity
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