Question: Valley Designs issued a 120-day, 9% note for $88,400, dated April 20 to Bork Furniture Company on account. Assume the company adjusts quarterly. Paragraph

Valley Designs issued a 120-day, 9% note for $88,400, dated April 20 to Bork Furniture Company on account. Assume the company adjusts quarterly. Paragraph

Valley Designs issued a 120-day, 9% note for $88,400, dated April 20 to Bork Furniture Company on account. Assume the company adjusts quarterly. Paragraph BIUA . $[Answer] + www 30 B. Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) the end of the second quarter (3) Bork Furniture's receipt of payment of the note at maturity. Round your answer to the nearest dollar. Date Account 4/20/XX [Answer] [Answer] Debit Credit [Answer] [Answer] Date Account Debit Credit 6/30/XX [Answer] [Answer] [Answer] [Answer]

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