Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $110,000 cash on May 15, 2017, by signing a 60-day, 12% note. 1. On what date does this note mature? July 11, 2017 July 13, 2017 July 14, 2017 July 15, 2017 July 16, 2017 2. Assume the face value of the note equals $110,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. Journal entry worksheet