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= Zion Architects & Engineers issued on account 120-day, 8% note for $60,000, dated June 13 to Billings Construction company. Calculate and journalize the following:

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= Zion Architects & Engineers issued on account 120-day, 8% note for $60,000, dated June 13 to Billings Construction company. Calculate and journalize the following: a. Determine the due date of the note b. Determine the maturity value of the note, and C. Journalize entries to record: (1) Receipt of the note by Billings Construction (2) Receipt of payment of the note at maturity 1. 2

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