Business, 18.10.2019 20:10, AdiGirlBrainly

Spring designs decorators issued a 180-day, 9% note for $88,400, dated april 13 to jaffe furniture company on account.

required:

a. determine the due date of the note.
b. determine the maturity value of the note. assume a 360-day year when calculating interest.
c.
journalize the entries to record the following: (1) receipt of the note by jaffe furniture and (2) receipt of payment of the note at maturity. refer to the chart of accounts for exact wording of account titles.

chart of accounts
jaffe furniture company
general ledger

Answers: 2

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Spring designs decorators issued a 180-day, 9% note for $88,400, dated april 13 to jaffe furniture c...