Valley Designs issued a 120 day, 5 note for $60,000 dated April 15 to Bork Furniture Company on account A Determine the due date of the note B Determine the maturity value of the note 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

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

Valley Designs issued a 120-day, 5% note for $60,000 dated April 15 to Bork Furniture Company on account.
A. Determine the due date of the note.
B. Determine the value of the note.
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

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