Question: need help please Valley Designs issued a 120-day, 4% note for $76,800, dated April 10 to Bork Furnture Company on account: Required: a. Determine the

need help please need help please Valley Designs issued a 120-day, 4% note for

Determine the due date of the note. b. Determine the matunity value

Valley Designs issued a 120-day, 4% note for $76,800, dated April 10 to Bork Furnture Company on account: Required: a. Determine the due date of the note. b. Determine the matunity value of the note: c. Journalize the entries to record the following (1) receipt of the note by Bork Fumiture and (2) receipt of payment of the note at matunty a. Determine the due date of the note. b. Determine the maturity value of the note. c (1) Joumalize the entry to record the receph of the note by Bork Fumture c (2) Joumalize the entry fo record the receipt of payment of the note at matunty

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Valley Designs issued a 120-day, 4% note for $76,800, dated April 20 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the...

Valley Designs issued a 120-day, 4% note for $76,800, dated April 15 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the...

help please Valley Designs issued a 90-day, 10% note for $30,000, dated April 19, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due...

Valley Designs issued a 120-day, 6% note for $80,000 dated April 20 to Bork Furniture Company on account. a. Determine the due date of the note. b. Determine the maturity value of the note. c....

Entries for notes receivable Obj. 6 Valley Designs issued a 120-day, 6% note for $80,000 dated April 20 to Bork Furniture Company on account. a. Determine the due date of the note. b. Determine the...

Valley Designs issued a 120-day, 10% note for $90,200, dated April 15 to Bork Furniture Company on account. Instructions Valley Designs issued a 120-day, 10% note for $90.200, dated April 15 to Bork...

accounting question Valley Designs issued a 120-day, 9% note for $88,400, dated April 20 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the...

Entries for notes receivable Instructions Chart of Accounts First Questions Journal Instructions 3. Valley Designs issued a 120-day, 9% note for $88,400, dated April 15 to Bork Furniture Company on...

Valley Designs issued a 120-day, 9 note for $88,400, dated April 15 to Bork Furniture Company on socount Required: A. Determine the due date of the note. B. Determine the maturity walue of the note....

Valley Designs issued a 120-day, 10% note for $90,200, dated April 20 to Bork Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the...

Is it possible for cost-such as salaries or depreciation to end up as assets on the balance sheet? Explain.

A utility company provides stand by power using diesel powered generators. An alternative has been developed using natural gas but the gas will not be available for 3 years. By switching to gas they...

Exposure to translation adjustment exists for those foreign currency balances that are translated at Multiple choice question. both the current and historical exchange rates. the current exchange...

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

Strategies for Managing Conflict Conflict Outcomes?

Factors Affecting Conflict

Describe the factors that lead to productive conflict