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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $170,000 cash on December 1, 2017, by signing a 180-day, 9% note

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Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $170,000 cash on December 1, 2017, by signing a 180-day, 9% note with a face value of $170,000. . On what date does this note mature? (Assume that February has 28 days) May 25, 2018. May 26, 2018. May 27, 2018. May 28, 2018 May 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 a nearest whole dollar) Total through maturityExpense 2017 Expense 2018 Interest Interest Principal $ 170,000170,000 170,000 9% 9% 9% Rato (%) Time

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