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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $180,000 cash on December 1, 2015, by signing a 120-day, 9% note

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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $180,000 cash on December 1, 2015, by signing a 120-day, 9% note with a face value of $180,000. 1. On what date does this note mature? Assume a 365 day year. OMarch 26, 2016. March 27,2016. March 28, 2016. O March 31, 2016. March 29, 2016. 2-3. What is the amount of interest expense in 2015 and 2016 from this note? (Use 360 days a year. Do not round intermediate calculations.) Total Interest throughExpense 2015 Expense 2016 maturity Principal Rate (%) Time Total interest

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