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Exercise 9 - 5 ( Algo ) Inrerestbearing notes payable with year - end adfustmenks LO PU Keesha Company borrows $ 2 3 0 ,
Exercise Algo Inrerestbearing notes payable with yearend adfustmenks LO PU
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 issuance of the note, b accrual of interest on December and c payment of the note at maturity.
Complete this question by entering your answersin thechlis below.
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What is the amount of interest expense in the current year and the following year fiom thilsmote?
Notes Use days a year. Do not round intermediate calculations and round final answers to the nearest whole dollars.
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