Exercise 9-16 Computing and interpreting times interest earned LO A1 Use the following information from separate companies a through d: Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Which company indicates the strongest ability to pay interest expense as it comes due? Use the following information from separate companies a through . Compute times interest eamed. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Compute times interest earned. Exercise 9-3 Accounting for note payable LO P1 Sylvestor 5y stems borrows $146,000 cash on May 15 by signing a 120 day, 6%,$146,000 note: 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. 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. On what date does this note mature? Exercise 9.3 Accounting for note payable LO P1 Sylvestor Systems borrows $146,000 cash on May 15 by signing a 120 -day, 6%,$146,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. 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. Prepare the entry to record issuance of the note. Exercise 93 Accounting for note payable LO P1 Sylvestor Systems borrows $146,000 cash on May 15 by signing a 120 -day, 6%,$146,000 note. 1. On what date does this note mature? 2.a. Prepare the entry to record issuance of the note. 2.b. 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. First, complete the table below to calculate the interest expense at maturity. (Usn 360 days a year. Round final answers to the nearest whicle dosiar) Exercise 93 Accounting for note payable LO P1 Sylvestor 5y stems borrows $146.000 cash on Moy 15 by signing a 120 -day, 6\%. 5146.000 note. 1. On what dote does this note mature? 2-a. Prepare the entry to record issuance of the note. 2.b. First, complete the table below to cakulate the interest expense at maturity Use those calcuiated values to prepare your entry to record payment of the note at maturity. Compiete this question by nntering your answers ia the tabs below. Use those calculated values to prepare yeur entry to record payment of the nete at maturity. (USE 360 days a year. Round finki snawer to thin nearest whelo oolari) Journal entry worksheet Exercise 911 Recording bonuses LO P4 For the yeat ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employees share equally. Lopez's bonus expense is computed as $31,373. 122. Prepare the journal entry ot December 31 to record the bonus due and later January 19 to record payment of the bonus to employees. Journal entry worksheet Record the bonus due the employees at December 31. Exercise 9-11 Recording bonuses LO P4 For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employees share equally. Lopez's bonus expense is computed as $31,373. 182. Prepare the journal entry at December 31 to record the bonus due and later January 19 to record payment of the bonus to employees. Journal entry worksheet Record the payment of bonus to the employees