Question: Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 8% note for $24,000, dated April 13 to Zebra Furniture Company on account. Assume
Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 8% note for $24,000, dated April 13 to Zebra Furniture Company on account. Assume 360-day your when calculating interest a. Determine the due date of the note. b. Determine the maturity value of the note et. Journalire the entry to record the receipt of the note by Zebra Furniture, tran amount box does not require an entry, leave it blank c2. 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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