durowser-launchUrl=http%253A%252F%252Fnewconnect.mheducation Chapter 9 Saved Keesha Co. borrows $280,000 cash on December 1 of the current year by signing a 120 day, 9%, $280,000 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 maturity Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 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) Total through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate (9) Time $ 280,000 $ 9% 120/360 s 8.400 280,000 $ 996 30/360 2.100 $ 280,000 996 907360 6,300 Total interest s