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exercise 9-3 Sylvestor Systems borrows $110,000 cash on May 15. 2015, by signing a 60-day, 12% note. On what date docs this note mature? Suppose

exercise 9-3
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Sylvestor Systems borrows $110,000 cash on May 15. 2015, by signing a 60-day, 12% note. On what date docs this note mature? Suppose the face value of the note equals $110,000, the principal of the loan. Prepare the journal entries to record issuance of the note and payment of the note at maturity

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