Exercise Y-3 Accounting ror note payapie LU PI Sylvestor Systems borrows $66,000 cash on May 15, 2017, by signing a 60-day, 6% note. 1. On what date does this note mature? July 13, 2017 July 14, 2017 July 15, 2017 July 16, 2017 July 17, 2017 2. Assume the face value of the note equals $66,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet 1 Record the issuance of the note. Note: Enter debits before credits. Date General Journal Dobit May 15 Credit Cash Notes payable 66,000 66,000 Record entry Clear entry View general journal (b) First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your journal entry to record payment of the note at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar.) Interest at Maturity Principal Rate(%) Time Total interest Journal entry worksheet