Entries for Notes Receivable

Autumn Designs & Decorators issued a $120-$day, $5\%$ note for $$93,000,$ dated April $13$ to Zebra Furniture Company on account. Assume a $360-$day year when calculating interest.

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a$.$ Determine the due date of the note.

b$.$ Determine the maturity value of the note.

$fill in the blank $41$f$335$fc$8001$f$83\_2$

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c$1.$ Journalize the entry to record the receipt of the note by Zebra Furniture. If an amount box does not require an entry, leave it blank.

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c$2.$ Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank.

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