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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $230,000 cash on December 1, 2017, by signing a 150-day, 8% note

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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $230,000 cash on December 1, 2017, by signing a 150-day, 8% note with a face value of $230,000. 1. On what date does this note mature? (Assume that February has 28 days) April 25, 2018. April 26, 2018. April 27, 2018. April 28, 2018. April 30, 2018. 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the nearest whole dollar.) Total throughInterest maturity Interest Expense 2017 Expense 2018 Principal Rate (%) Time Total interest

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