Question: Entries for Notes RECEIVEDIE Spring Designs & Decorators issued a 120-day, 8% note for $54,000, dated April 13 to Jaffe Furniture Company on account. Assume

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

Entries for Notes RECEIVEDIE Spring Designs & Decorators issued a 120-day, 8% note for $54,000, dated April 13 to Jaffe 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. $:] c1. Journalize the entry to record the receipt of the note by Jaffe Furniture. V U a 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. V 000 m

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