Question: 2 3 4 5 6 Master Designs Decorators issued a 180-day, 6% note for $75,000, dated May 14, 2019, to Morgan Furniture Company on account.

2 3 4 5 6 Master Designs Decorators issued a 180-day, 6% note for $75,000, dated May 14, 2019, to Morgan Furniture Company on account. Required: 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 Morgan Furniture and (2) receipt of payment of the note at maturity. Date GENERAL JOURNAL Description Page Post Debit Credit ref 1 2 3 4 5 6

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