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 matunty value of the note. Assume a 360-day year. Round your answer to the nearest dollar. C. Joumalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at matunity. Refer to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar. Chart of Accounts CHART OF ACCOUNTS Bork Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable-Valley Designs 129 Allowance for Doubtful Accounts EXPENSES 510 Cost of Merchandise Sold 132 Notes Receivable 141 Merchandise Inventory 520 Sales Salaries Expense 145 Office Supplies 521 Advertising Expense 146 Store Supplies 522 Depreciation Expense-Store Equipment 151 Prepaid Insurance 523 Delivery Expense 181 Land 524 Repairs Expense 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 194 Accumulated Depreciation Office Equipment 533 Insurance Expense LIABILITIES 534 Office Supplies Expense 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 214 Interest Payable 538 Bad Debt Expense 215 Notes Payable 539 Miscellaneous Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends First Questions A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year. Round your answer to the nearest dollar. $ Journal C. (1) Joumalize the entry to record the receipt of the note by Bork Furniture. Refer to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 C. (2) Journalize the entry to record the receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 2