these two problems are connected as one

Instructions Evers Industries has computed that the proper balance for the Allowance for Doubtful Accounts at July 31 is $106,106. Assume that the Allowance for Doubtful Accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. Refer the Chart of Accounts for exact wording of account titles. Instructions X Valley Designs issued a 120-day, 6% note for $80,000 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 note. Assume a 360-day year. C. Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles