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Determine the maturity value of the note

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Reference no: EM132681449

Problem - Entries for notes receivable

Oregon Interior Decorators issued a 90-day, 6% note for $90,000, dated April 9, to Corvallis Furniture Company on account.

a. Determine the due date of the note.

b. Determine the maturity value of the note.

c. Journalize the entries to record the following: (1) receipt of the note by Corvallis Furniture

c. Journalize the entries to record the following: (2) receipt of payment of the note at maturity.

Reference no: EM132681449

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