Question: Autumn Dosigns & Decorators issued a 120-day, 6% note for $76,800, dated April 13 to Zebra Furriture Company on account. Reculted: a. Determine the due


Autumn Dosigns \& Decorators issued a 120-day, 6% note for $76,800, dated April 13 to Zebra Furriture Company on account. Reculted: a. Determine the due date of the note. b. Determine the maturiy value of the note. Acsume a 360-day year when calculating interest. Do not round your intermediate calculations and round your final answer to the nearest dollar. C. Journalize the entries fo record the following: (1) receipt of the note by Zobra Furniture and (2) receipt of payment of the nofe af maturit. Retor to the chart of accounts for the exact worcing of the acoount tithes. CWOW kumais do nof use ines for journaf explanafions. Every line on a journal page is used for dobit or credif entries. CNOW journais will automatically indent a credit entry when a credit amount is onfered. a. Determine the due dafe of the note. b. Dotermine the maturity valiee of the note. Assume a 360 -day yoar when calculating intevest. Do not round your intermediate caiculations and round your final answer fo the nearest dollar. ci1) Journakze the entry to record the receipt of the note by Zabra Fumiture. Rafer to the chart of accounts for the exact wording of the socount tules. CMOW journats do not uso ilnes for joumal explanations. Every lne on a joumal page is used for debt or cradit entrios. CNOW foumais way automaticaly indent a crodt ontry when a crode amounf is enfored
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