Entries for notes receivable valley designs issued a 90-day, 9% note for $78,000, dated april 17, to bork furniture company on account. assume 360 days in a year when computing the interest. a. determine the due date of the note. b. determine the maturity value of the note. $ c1. journalize the entry to record the receipt of the note by bork furniture. if an amount box does not require an entry, leave it blank. 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.

a. July 20

b. 79.755

c1. 78.000

c2. Note receivable 78.000

     interest income 1755

Explanation:

a.Due Date of Note :

April 17 + 90 days = July 20

b.Maturity Value of Note

78000+ 78000x 9% x 90/360 = 79.755

c1. Note Receivable a/c              Dr. 78.000

         To Cash           78.000

c2. Cash a/c                              Dr. 79.755

         To Note Receivable                            78.000

         To Interest Income                               1755

idk

explanation:

bc why nah

answer; the nav calculated at the market close at 4: 00 pm new york time;