1 2 3 Keesha Company borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. 4 5 Required: 6 1. On what date does this note mature? 7 8 (Use cells A2 to H6 from the given information to complete this question.) 9 10 On what date does this note mature? 11 Note Term (days) $200,000 Rate Days in year 90 9% 360 Issue Date Year End 1-Nov 31-Dec 12 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 13 14 Interest expense in current year 15 Interest expense in following year 16 17 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. 18 19 (Reference cells A2 to H6, as well as any yellow input cells, to complete this question.) 20 21 22 Date 1-Nov Transaction (a) 23 24 25 31-Dec (b) 26 27 28 (c) 29 30 31 32 33 34 35 General Journal =Graded Worksheet Chart of Accounts + Calculation Mode: Automatic Workbook Statistics Debit Credit