Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $91,000 cash on May 15 by signing a 120-day, 5%, $91,000 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. Required 1 Required 2A Required 2B Interest at Maturity Required 28 General Journal On what date does this note mature? On what date does this note mature? Required 2A > Required 1 Required 2A Required 2B Interest at Maturity Required 2B General 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 General Journal Debit Credit May 15 Record entry Clear entry View general journal Required 23 Interest at Maturity > Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $91,000 cash on May 15 by signing a 120-day, 5%, $91,000 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 calcula record payment of the note at maturity. 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. Rous nearest whole dollar.) Interest at Maturity Principal Rate (%) Time Total interest Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a to the nearest whole dollar.) View transaction list Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal