Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $179,000 cash on May 15 by signing a 90-day, 7%, $179,000 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 2B General Journal On what date does this note mature? On what date does this note mature? Required 1 Required 2A > Ch 09 Homework Help Save & Exit Submit Check my work Sylvestor Systems borrows $179,000 cash on May 15 by signing a 90-day, 7%, 5179,000 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. 1.42 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2e Interest at Maturity Required 22 General Journal Prepare the entry to record issuance of the note. View transaction list Journal entry worksheet References Record the issuance of the nate. Nota: Enter dans before credits. General Journal Debit Credit Date May 15 Record entry Clear entry Vlew general Journal Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $179,000 cash on May 15 by signing a 90-day, 7%, $179,000 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 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 Principal Rate (%) Time Total interest Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $179,000 cash on May 15 by signing a 90-day, 7%, $179,000 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 2B General 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