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Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $200,000 cash on November 1 of the current year by signing a
Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 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 joumal entries to record (@j issuance of the note. (b) accrual of interest on December 31, and ( payment of the note at maturity Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 On what date does this note mature? On what date does this note mature? Reg 2 and 3>
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