Entries for notes receivable valley designs issued a 120-day, 5% note for $60,000 dated april 15 to bork furniture company on account. assume a 360-day year. a. determine the due date of the note. august 13 b. determine the maturity value of the note. $ 60,000 feedback c1. journalize the entry to record the receipt of the note by bork furniture. notes receivable accounts receivable-valley designs feedback 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.

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Why is accountability important in managing safety