5 points 01.18.13 Breckenridge Inc. borrows $170,000 cash on May 15 by signing a 150-day, 4%, $170,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Principal Rate (%) Time Total interest Required 2B Interest at Maturity 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.) $ Interest at Maturity Required 2B General Journal 170,000 4% 150/360 4

Breckenridge inc. boerows $170,000 cash on May 15 by signing a 150 -day, 4%,5170,000 note 1. On what date does this note mature? 2. Prepure the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturay. Use those calculated values to prepare your entry to record payment of the note at maturisy Complete this question by entering your answers in the tabs below. Prepare the entry to record issuance of the note Journal entry worksheet 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. Complete this question by entering your answers in the tabs below. Use those calculated valoes to prepare your entry to rocord payment of the note at maturity. (Use 360 days a year. Round final answors to the nearest whole dollar.) Breckenridge Inc. borrows $170,000 cash on May 15 by signing a 150 -day, 4%,$170,000 note. 1. On what date does this note mature? 2.0. 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. Complete this question by entering your answers in the tabs below. On what date does this note mature? Breckennidge inc borrows $170,000 cash on May 15 by signing a 150 -day, 4%,$170,000 note. 1. On what date does this note mature? 2-. 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. Complete this question by entering your answers in the tabs below. 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.)