Abstract: The present invention provides an article of furniture in the form of a cabinet and folding bed combination that provides a comfortable sleeping surface for the user. The present invention provides a mattress assembly capable of receiving a mattress having a thickness of up to 4″ and capable of being folded in spaced relation for storage inside the cabinet. The present invention is designed for convenient storage inside the cabinet without the use of a locking mechanism. The unique design of the present invention allows the center of gravity of the front panel to change as it is rotated so that the weight of the mattress assembly assists in closing the front panel and keeps the front panel firmly closed against the front opening of the cabinet.