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Autumn Designs & Decorators issued a 120-day, 9% note for $66,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest. Question Content Area a.  Determine the due date of the note.   b.  Determine the maturity value of the note.$fill in the blank b98f9608d01efa6_2   Question Content Area 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. blank                 Question Content Area 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. blank

Autumn Designs & Decorators issued a 120-day, 9% note for $66,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest. Question Content Area a.  Determine the due date of the note.   b.  Determine the maturity value of the note.$fill in the blank b98f9608d01efa6_2   Question Content Area 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. blank                 Question Content Area 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. blank

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
ChapterD: Notes Payable And Notes Receivable
Section: Chapter Questions
Problem 2P
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  1. Autumn Designs & Decorators issued a 120-day, 9% note for $66,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest.

    Question Content Area

    a.  Determine the due date of the note.

     

    b.  Determine the maturity value of the note.
    $fill in the blank b98f9608d01efa6_2

     

    Question Content Area

    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.

    blank
     
    		    
     
     
    		    
     

    Question Content Area

    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.

    blank
     
    		    
     
     
    		    
     
     
    		    
     
     
 
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