Question: Valley Designs issued a 120-day, 5% note for $60,000 dated April 15 to Bork Furniture Company on account. Assume a 360-day year. a. Determine the

Valley Designs issued a 120-day, 5% note for $60,000 dated April 15 to Bork Furniture Company on account. Assume a 360-day year. a. Determine the due date of the note. b. Determine the maturity value of the note. ci. Journalize the entry to record the receipt of the note by Bork Furniture, 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
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