Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co, borrows $225,000 cash on December 1 of the current year by signing a 90-day, 8%, $225,000 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 at maturity Complete this question by entering your answers in the tabs below. On what date does this note mature? (Assume that February has 28 days) ste does this notes On what date does this note mature? Rey 2 and 3 > Prev 1 of 7 Next > @ E ] N] 09P3 w] Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 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(%) Time Total interest Prev 1 of 7 Next > Gox] N 07 Pw 9 e BD View transaction list Journal entry worksheet 1 2 3 Record the issuance of the note on December 1. Note: Enter debits before credits. Transaction General Journal Debit Credit Prey 1 of 7 | Next > 2 3 0 6. x] N ow Pw Journal entry worksheet e B 0 GX] N] opgw9 Journal entry worksheet e BDO GEX] Noy plw] 9