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Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $167,000 cash on May 15 by signing a 90-day, 6% $167000 note, 1. On

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Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $167,000 cash on May 15 by signing a 90-day, 6% $167000 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. Required 2B Required 28 Required 1 Required 2A Interest at General Maturity Journal On what date does this note mature? On what dite does this not mature? Required 2A > Required 2B Required 2B Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note. View transaction list Journal entry worksheet 1 Record the issuance of the note, Note: Enter debits before credits. Date May 15 General Journal Dobit Credit Accounts payable Accrued payroll payable Bonus payable Cash Cost of goods sold Complete this question by entering your answers in the tabs below. Required 2B Required 2B Required 1 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 Required 28 Interest at Maturity rences Principal Rate(%) Time Total interest Required 2B Required 28 Required 1 Required 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 transaction list Journal entry worksheet A Record the payment of the note at maturity, Note: Enter debits before credits General Journal Debit Credit Event 1 Accounts payable Accrued payroll payable Bonus payable

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