Business, 22.07.2020 16:01 jennyderath12

Entries for Notes Receivable Valley Designs issued a 90-day, 6% note for $60,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. July 21 b. Determine the maturity value of the note. $ Feedback c1. Journalize the entry to record the receipt of the note by Bork Furniture. Notes Receivable 60,000 Accounts Receivable-Valley Designs 60,000 Feedback c2. 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. Cash Notes Receivable 60,000 Interest Revenue

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Entries for Notes Receivable Valley Designs issued a 90-day, 6% note for $60,000, dated April 22, to...

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