Valley Designs issued a 120-day, 7% noto for $05,400, dated April 20 to Bork Furniture Company on account Required: A. Determine the due date of the note. 3. Determine the maturity value of the noto. Assume a 360-day year round your answer to the nearest dota. C. Jowniakze the entries to record the following: (1) cope of the note by Bork Future and (2) recept of payment of the note at matunity, Peter to the Chart of Accounts for exact wording of account thes. Round your answer to the west doka Chart of Accounts Va CHART OF ACCOUNTS Berk Furniture Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 111 Petty Cash 121 Accounts Receivable Vuley Designs 129 Allowance for Douth Accounts 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid in 181 Land 191 Store Equipment 19 Accumulated Depreciation Store Equipment 199 Office Equipment 10 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Sales Sataries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Seling Expenses 530 Office Salaries Expense 531 Rent Expense 332 Decreciation Expense Office Equement 533 Insurance Expense 534 Office Supplies Experts KI LIABILITIES 21 Arun First Questions Journal Instructions Chart of Accounts 145 Office Supplies 145 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumdiated Depreciation Office Equipment 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 329 Selling Expenses 530 Otice ale Expono 531 Rent Expert 532 Depreciation Expense Office Equipment 533 Insurance per 5 Once Supplies Expense 535 Store Supplies terpene 536 Credit Card penso 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Stories Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common SICK 311 Rated Earnings 312 Dividends A. Determine the due date of the note. B. Determine the maturity value of the noto. Assume a 360-day you. Round your answer to the nearest dollar PAGE 1 JOURNAL ACCOUNTING EQUATION DATT DESCRIPTION ROSTRE DONT CREDIT ASSETS LARUTIES EQUITY 1 (2) Joumate the entry to record the roof payment of the note at maunty Refer to the Chart of Accounts for exact wording of account is. Round your answer to the nearest PAGE JOURNAL ACCOUNTING EQUATION DATE DESCUTION POST IT CREDIT ASSETS LULITE EQUITY Previous Next