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Exercise 9-4 (Algo) Accounting for note payable LO P1 Sylvestor Systems borrows $81,000 cash on May 15 by signing a 180-day, 6%, $81,000 note. 1.
Exercise 9-4 (Algo) Accounting for note payable LO P1 Sylvestor Systems borrows $81,000 cash on May 15 by signing a 180-day, 6%, $81,000 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 entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. Required 2B Required 2B Interest at General Journal Maturity On what date does this note mature? Required 1 Required 2A On what date does this note mature?
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