apter 9 Homework Saved 2 Keesha Co. borrows $265,000 cash on November 1 of the current year by signing a 120-day, 11%, $265,000 note. 1. On what date does this note mature? 2. & 3. What is the amount of Interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity ats 04:06:22 Skipped Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Reg 4 eBook What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Round final answers to the nearest whole dollar:) Hint Total through maturity Interest Expense Current Year Interest Expense Following Year Print $ 265,000 $ S Principal Rate (9) 265,000 11% 80/360 11% 120/360 265.000 11% 60/360 eferences Time Total interest Req1 Req 4 > Homework Saved Keesha Co. borrows $265,000 cash on November 1 of the current year by signing a 120 day, 11%, $265,000 note 1. On what date does this note mature 2. & 3. What is the amount of Interest expense in the current year and the following year from this note? 4. Prepare Journal entries to record (a) Issuance of the note, (b) accrual of Interest on December 31, and (c) payment of the note at maturity. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Real Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2. 3 > Record the issuance of the note on November 1. Note: Enter cebits before credits Transaction General Journal Debit Credit