Help Save & Exit Submit Check my work Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $200,000 cash on November 1 of the current year by signing a 90 day. 9%, $200,000 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 (d payment of the note at maturity. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 On what date does this note mature? On what date does this note mature? Bed Req 2 and 3 Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $200,000 cash on November 1 of the current year by signing a 90- day. 9%, $200,000 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 (d) payment of the note at maturity. Complete this question by entering your answers in the tabs below. Reg 1 Req2 and 3 Reg 4 What is the amount of interest expense in the current year and the following year from this not round intermediate calculations.) Total through maturity Interest Interest Expense Expense Current Year Following Year Principal Rate(%) Time Total interest Reg 2 and 3 Reg 4 Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on Dece maturity. View transaction list Journal entry worksheet 1 2 3 Record the issuance of the note on November 1. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit Record entry Clear entry View general