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Exercise 11-4 (Algo) Accounting for note payable LO P1 Sylvester Systems borrows $116.000 cash on May 15 by signing a 150 day, 5% $116,000 note

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Exercise 11-4 (Algo) Accounting for note payable LO P1 Sylvester Systems borrows $116.000 cash on May 15 by signing a 150 day, 5% $116,000 note 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note 2b. 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 20 Required 25 tequredRequired 2A Interest at Gener Maturity Journal On what date does this note mature? On what are does this note mahal? Required 2A > Journal entry worksheet Record the issuance of the note Note: Enter debits before credits General Journal Debit Credit Date May 15 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Required 28 Required 20 Required Required 2A Interest at General Maturity Journal First, complete the table below to calculate the interest expense at maturity. (Use 360 days a year round final answers to the nearest whole dollar) Interest at Maturity Principe Rate (6) Time Telineet Check my work LRWY Y Yurrent reau VW Required 20 Required 28 Required 1 cuired 2A Interest at General Maturity Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year, Round final answers to the nearest whole dollar) View traction at Journal entry worksheet Record the payment of the note at maturity Note Enter detits before credits Date General Journal bebit Credit Maturity Record entry Clear entry View general Journal

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