2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the nearest whole dollar) Answer is complete but not entirely correct. 53:31 Total through maturity Interest Expense 2017 Interest Expense 2018 $ 100,000 Principal Rate(%) Time Total interest $ 100,000 $100,000 11% 11% 120/360 60/300 $ 3.000 1,500 60360 1,500 Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $100,000 cash on November 1, 2017 by signing a 120-day, 11% note with a face value of $100,000 1. On what date does this note mature? (Assume that February has 28 days) March 27, 2018 March 28, 2018 March 29, 2018 March 30, 2018 March 01, 2018 4. Prepare journal entries to record (a) Issuance of the note, (b) accrual of interest at the end of 2017 and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) Answer is not complete. No Transaction General Journal Credit Debit 100 000 1 Cash Notes payable 00 100.000 2 1 5003 Interest exponse Interest payable 00 1,500 3 1,500 101.600 O Interest experie Notes payable interest payable Cash 1030003