Spring Designs & Decorators issued a 180-day, 10% note for $90,200, dated April 13 to Jaffe Furniture Company on account.

Required:

A.	Determine the due date of the note.
B.	Determine the maturity value of the note. Assume a 360-day year when calculating interest.
C.	Journalize the entries to record the following: (1) receipt of the note by Jaffe Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles.

Starting Questions A Determine the due date of the note. Instructions Spring Designs & Decorators issued a 180-day, 10% note for $90,200, dated April 13 to Jatfe Furniture Company on account. Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest C. Joumalize the entries to record the following: (1) receipt of the note by Jaffe Furniture and (2) receipt of payment of the nore at maturity. Refer to the Chart of Accounts for exact wording of account titles. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest. Journal C (1) Journalize the entry to record the receipt of the note by Jaffe Furniture. Refer to the Chart of Accounts for exact wording of account rities. JOURNAL DESCRIPTION PAGE 1 ACCOUNTING EQUATION ASSETS LIABILITIESQUITY DATE POST DEBIT CREDIT C. (2) Joumalize the entry to record the receipt of payment of the nate al mafunity. Refer to the Chart of Accounts for exact wording of account tities. JOURNAL DESCRIPTION PAGE 1 ACCOUNTING EQUATION ASSETS LIABILITIEQUITY DATE PRET: DEBIT CREDIT