a ne ts: ACCT-2301-008 Check my work mode : This shows what is correct Exercise 94 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $160,000 cash on November t 2017, by signing a 120day, 8%note with a face vate of S160000 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. 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. Interest Interest through Expense Expense 2017 2018 Principal160 $ 100,000 $ 160,000 2,130|s 4,200 s 1.06 interest 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 intermedlate 3 Answer is complete but not entirely correct. Notes