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Ch 9: Homework 4 2.5 points Saved eBook Hint 14 10 References Exercise 9-4 (Algo) Accounting for note payable LO P1 Sylvestor Systems borrows
Ch 9: Homework 4 2.5 points Saved eBook Hint 14 10 References Exercise 9-4 (Algo) Accounting for note payable LO P1 Sylvestor Systems borrows $89,000 cash on May 15 by signing a 120-day, 7%, $89,000 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 Required 28 Interest at Required 2B Maturity On what date does this note mature? On what date does this note mature? General Journal Required 2A > Help Save & Exit Submit Check my work
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