Homework 11-02 Saved Help Save & Exit Submit Check my work Keesha Co. borrows $115,000 cash on November 1 of the current year by signing a 120-day, 10%, $115,000 note. points 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 note at maturity Complete this question by entering your answers in the tabs below. References Reg 1 Reg 2 and 3 Reg 4 What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Round final answers to the nearest whole dollar) Total through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate ) Total interest { Reg1 Reg4 > Homework 11-02 Help Save & Exit Submit Check my work Keesha Coborrows $115,000 cash on November 1 of the current year by signing a 120- day, 10%, $115,000 note. points 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 note at maturity. Complete this question by entering your answers in the tabs below. Hint Reg1 Reg 2 and 3 Reg 4 Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on Decembe maturity. (Use 360 days a year. Do not round intermediate calculations.) References View transaction list Journal entry worksheet Record the issuance of the note on November 1. Note: Enter debits before credits Transaction General Journal Debit Credit Record Cearen