Burke Interior Decorators issued a 60-day, 9% note for $15,000, dated March 3, to Loree Fur- niture 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 the payee, and (2) receipt by the payee of payment of the note at maturity.