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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $245,000 cash on November 1 of the current year by signing a

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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $245,000 cash on November 1 of the current year by signing a 90-day, 12%, $245,000 note. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the not maturity. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations.) No Transaction General Journal Debit Credit 1 (a) Cash Notes payable 2 (b) Interest expense olol Interest payable

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