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1 Sylvestor Systems borrows $156,000 cash on May 15 by signing a 150-day, 7%, $156,000 note. 1.66 1. On what date does this note mature?

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1 Sylvestor Systems borrows $156,000 cash on May 15 by signing a 150-day, 7%, $156,000 note. 1.66 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. points eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 References Required 2A Required 2B Interest at Maturity Required 2B General Journal On what date does this note mature? On what date does this note mature? Hint Print Record the issuance of the note. References Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general Journal 1 Sylvestor Systems borrows $156,000 cash on May 15 by signing a 150-day, 7%, $156,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. 1.66 points Complete this question by entering your answers in the tabs below. eBook Hint Print Required 2B Required 2B Required 1 Required 2A Interest at General Maturity Journal First, complete the table below to calculate the interest expense at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar.) References Interest at Maturity Principal Rate(%) Time Total interest 1 to the nearest whole dollar.) View transaction list 1.66 points Journal entry worksheet A > eBook Hint Record the payment of the note at maturity. Print References Note: Enter debits before credits. Date General Journal Debit Credit Maturity Record entry Clear entry View general journal

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