Question: Valley Designs issued a 90-day, 8% note for $54,000, dated April 15, to Bork Furniture Company on account. Assume 360 days in a year

Valley Designs issued a 90-day, 8% note for $54,000, dated April 15,

Valley Designs issued a 90-day, 8% note for $54,000, dated April 15, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. July 14 b. Determine the maturity value of the note. Feedback Check My Work c1. Journalize the entry to record the receipt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank. Notes Receivable Accounts Receivable-Valley Designs 88 Feedback Check My Work

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