Chech Keesha Co. borrows $220,000 cash on December 1, 2018, by signing a 180-day, 10% note with a face value of $220,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) points Complete this question by entering your answers in the tabs below. eBook Reg 1 Req 2 and 3 Req 4 Hint On what date does this note mature? (Assume that February has 28 days.) Print On what date does this note mature? References Chec Keesha Co. borrows $220,000 cash on December 1, 2018, by signing a 180-day, 10% note with a face value of $220,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) points Complete this question by entering your answers in the tabs below. eBook Reg 1 Req 2 and 3 Reg 4 Hint What is the amount of interest expense in 2018 and 2019 from this note? (Use 360 days a year. Do not round intermediate calculations. Round final answers to the nearest whole dollar.) Print Total through maturity Interest Interest Expense 2018 Expense 2019 References Principal Rate(%) Time Total interest Check my Keesha Co. borrows $220,000 cash on December 1, 2018, by signing a 180-day, 10% note with a face value of $220,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) points Complete this question by entering your answers in the tabs below. eBook Reg 1 Reg 2 and 3 Reg 4 Hint Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) Print View transaction list References Journal entry worksheet Record the issuance of the note on November 1. Note: Enter debits before credits. Transaction General Journal Debit Credit (a) Check my work Keesha Co. borrows $220,000 cash on December 1, 2018, by signing a 180-day, 10% note with a face value of $220,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) points Complete this question by entering your answers in the tabs below. eBook Req 1 Req 2 and 3 Req 4 Hint Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) Print View transaction list References Journal entry worksheet