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Valley Designs issued a 90 -day, 8% note for $30,000, dated April 22, to Bork Fumiture Company on account. Assume 350 days in a vear
Valley Designs issued a 90 -day, 8% note for $30,000, dated April 22, to Bork Fumiture Company on account. Assume 350 days in a vear when conputing the intereat. a. Determine the due date of the note, b. Determine the maturity value of the note. c1. Journalize the entry to record the receipt of the note by Bork. Furniture. If an amount box does not recuire 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 iequire an entry, leave it bank
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