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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
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 Return to question Sylvestor Systems borrows $99,000 cash on May 15 by signing a 90-day, 4%, $99,000 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 2B Required Required 2B Required 2A Interest at General Journal Maturity First, complete the table below to calculate the interest expense at maturity. (Use 360 days a year. Round final answers to the nearest who Interest at Maturity $ Principal Rate (96) Time Total interest 99,000 4% 90/360 660 Sylvestor Systems borrows $99,000 cash on May 15 by signing a 90-day, 4%, $99.000 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 Answer is complete but not entirely correet. Complete this question by entering your answers in the tabs below. Required 2B Test B Required 1 Required 2A 2B Generalfoumal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year. Round tinal answers to dollar) No Event General Journal Debit Credit 1 Notes payable 99.000 Interest expense 660 Cash 99,660
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
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