Question: Entries for Norm Decevable Volley Designed a 90-day, 10% note for 596,000, dated April 17, to Bork Furniture Company on account. Assume 360 days in
Entries for Norm Decevable Volley Designed a 90-day, 10% note for 596,000, dated April 17, 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 16 b. Determine the unity value of the note 96 X c. Soumalize the try to record the recept of the note by Bork Furniture. If an amount box does not require an entry leave it blink Notes Receivable 96.000 Accounts Receivable Valley Designs 9.00 male the entry to record the receipt of payment of the note at man fan amont box does not rentry leave it to Cash 56.000 Not Receivable Interest Rem DID DD
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