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Exercise 1 1 - 5 ( Algo ) Interest - bearing notes payable with year - end adjustments LO P 1 Keesha Company borrows $
Exercise Algo Interestbearing notes payable with yearend adjustments LO P Keesha Company borrows $ cash on November of the current year by signing a day, $ note. On what date does this note mature? & What is the amount of interest expense in the current year and the following year from this note? Prepare journal entries to record a issuance of the note, b accrual of interest on December and payment of the note at maturity. Complete this question by entering your answers in the tabs below. Req Req and Reg What is the amount of interest expense in the current year and the following year from this note? Note: Use days a year. Do not round intermediate calculations and round final answers to the nearest whole dollar. tabletableTotal throughmaturitytableInterest ExpenseCurrent YeartableInterest ExpenseFollowing YearPrincipalRate TimeTotal interest,,,
Exercise Algo Interestbearing notes payable with yearend adjustments LO P
Keesha Company borrows $ cash on November of the current year by signing a day, $ note.
On what date does this note mature?
& What is the amount of interest expense in the current year and the following year from this note?
Prepare journal entries to record a issuance of the note, b accrual of interest on December and payment of the note at maturity.
Complete this question by entering your answers in the tabs below.
Req
Req and
Reg
What is the amount of interest expense in the current year and the following year from this note?
Note: Use days a year. Do not round intermediate calculations and round final answers to the nearest whole dollar.
tabletableTotal throughmaturitytableInterest ExpenseCurrent YeartableInterest ExpenseFollowing YearPrincipalRate TimeTotal interest,,,
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