Question: Master Designs Decorators issued a 180-day, 6% note for $75,000, dated May 14, 2016, to Morgan Furniture Company on account. a. Determine the due date

Master Designs Decorators issued a 180-day, 6% note for $75,000, dated May 14, 2016, to Morgan Furniture Company on account.
a. Determine the due date of the note.
b. Determine the value of the note.
c. Journalize the entries to record the following: (1) receipt of the note by Morgan
Furniture and (2) receipt of payment of the note at

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