Autumn Designs & Decorators issued a 120-day, 5% note for $93,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest. a. Determine the due date of the note. b. Determine the maturity value of the note. $fill in the blank 28a784fcdfa8f9b_2 c1. Journalize the entry to record the receipt of the note by Zebra Furniture. If an amount box does not require an entry, leave it blank. fill in the blank 6f2377033fbef92_2 fill in the blank 6f2377033fbef92_3 fill in the blank 6f2377033fbef92_5 fill in the blank 6f2377033fbef92_6 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. fill in the blank c12f99fe5012fd4_2 fill in the blank c12f99fe5012fd4_3 fill in the blank c12f99fe5012fd4_5 fill in the blank c12f99fe5012fd4_6 fill in the blank c12f99fe5012fd4_8 fill in the blank c12f99fe5012fd4_9
Entries for Notes Receivable
Autumn Designs & Decorators issued a 120-day, 5% note for $93,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest.
a. Determine the due date of the note.
b. Determine the maturity value of the note.
$fill in the blank 28a784fcdfa8f9b_2
c1.
fill in the blank 6f2377033fbef92_2 | fill in the blank 6f2377033fbef92_3 | ||
fill in the blank 6f2377033fbef92_5 | fill in the blank 6f2377033fbef92_6 |
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.
fill in the blank c12f99fe5012fd4_2 | fill in the blank c12f99fe5012fd4_3 | ||
fill in the blank c12f99fe5012fd4_5 | fill in the blank c12f99fe5012fd4_6 | ||
fill in the blank c12f99fe5012fd4_8 | fill in the blank c12f99fe5012fd4_9 |
Introduction:
Journals:
Recoding of a business transactions in a chronological order.
First step in the preparation of final accounts is recording journals.
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