Question: Entries for Notes Receivable Spring Designs & Decorators issued a 120-day, 12% note for $84,000 dated April 13 to Ja fe Furniture Company on account.

 Entries for Notes Receivable Spring Designs & Decorators issued a 120-day,

Entries for Notes Receivable Spring Designs & Decorators issued a 120-day, 12% note for $84,000 dated April 13 to Ja fe Furniture Company on account. Assume a 360 day year when calculating interest. a. Determine the due date of the note. August 11 V b. Determine the maturity value of the note Feedback cl. Journalize the entry to record the receipt of the note by Jaffe Furniture. Notes Receivable Accounts Receivable-Spring Designs Decorators Feedback 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. Cash Notes Receivable Interest Revenue

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