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4 2.5 Exercise 11-3 Accounting for note payable LO P1 Sylvestor Systems borrows $169,000 cash on May 15 by signing a 180 day, 7%, $169,000

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4 2.5 Exercise 11-3 Accounting for note payable LO P1 Sylvestor Systems borrows $169,000 cash on May 15 by signing a 180 day, 7%, $169,000 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 point book Complete this question by entering your answers in the tubs below. Hint Reference Required 28 Required 26 Required: Required 2A Interest at General Maturity Journal Prepare the entry to record in suance of the note View transaction lit Journal entry worksheet > Record the issuance of the note Nite Inter debit bereit General Journal Deb Credit Dale May 15 serdantry Clear entry View general Journal Ch 11: Homework Swed 4 Exercise 11-3 Accounting for note payable LO P1 25 points Sylvestor Systems borrows $169,000 cash on May 15 by signing a 180-day, 7% $169,000 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 maturlty. Use those calculated values to prepare your entry to record payment of the note at maturity. Door Complete this question by entering your answers in the tabs below. Hint rences Required 28 Required 28 Required 1 Required 2A Interest at General Maturity Journal Tirst, complete the tobile below to calculate the interest expanse at maturity. (Use 360 days a year. Round find answers to the nearest whole dollar) Interestat Maturity Principal (5) Time Toaterest Required 2A Required 28 General Journal 4 Exercise 11-3 Accounting for note payable LO P1 25 points Sylvestor Systems borrows $169,000 cash on May 15 by signing a 180-day, 7%, $169,000 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 eBook Complete this question by entering your answers in the tabs below. Hint Required 28 Required 2B Required 1 Required 2A Interest at General Maturity Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar) References View transaction et Journal entry worksheet Record the payment of the noto at maturity Enterdetits before credits Event Converal Jou Debit Credit Record entry Clear entry View general journal

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