Autumn Designs & Decorators issued a 120-day, 5% note for $93,000, dated April 13 to Zebra Furniture

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Autumn Designs & Decorators issued a 120-day, 5% note for $93,000, dated April 13 to Zebra Furniture Company on the account.
 

a. Determine the due date of the note.

b. Determine the maturity value of the note.

c. Journalize the entries to record the following: 

(1) Receipt of the note by Zebra Furniture 

(2) Receipt of payment of the note at maturity.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781337913102

16th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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