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Check my work Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $200,000 cash on November 1, 2017, by signing a
Check my work Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $200,000 cash on November 1, 2017, by signing a 90-day, 9% note with a face value of $200,000. 1. On what date does this note mature? January 25, 2018. January 26, 2018 January 27, 2018 January 28, 2018. January 30, 2018. 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Do not r calculations.) ound intermediate Interest Total through maturity Interest Expense 2017 Expense 2018 Principal Rate (%) Time
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