Question: Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 12note for $30,000, dated April 13 to Zebra Furniture Company on account. Assume o
Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 12note for $30,000, dated April 13 to Zebra Furniture Company on account. Assume o 360-day year when calculating Interest a. Determine the due date of the note b. Determine the maturity value of the note 1. Journalize the entry to record the receipt of the note by Zebra Fumiture. If an amount box does not require an entry, leave it blank Notes Receivable Accounts Receivable-Autumn Designs Decorators 12. Journalize the entry to record the receipt of payment of the note at matunity If an amount box does not require an entry, leave it blank Cash Not Receivable Interest Revenue
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