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ill leave a good rating, please sorry! 1. On what date does this note mature? 2.a. Prepare the entry to record issuance of the note.
ill leave a good rating, please
sorry!
1. On what date does this note mature? 2.a. Prepare the entry to record issuance of the note. 2.b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry record payment of the note at maturity. Complete this question by entering your answers in the tabs below. Prepare the entry to record is suance of the note. Journal entry worksheet Notei Enter debits before credits? \begin{tabular}{|l|l|} \hline & Interestali Maturity \\ \hline Principal \\ \hline Rate (%) \\ \hline Time \\ \hline Total interest \end{tabular} Use those calculated values to prepare your entry to record payment of the note at maturity. Note: Use 360 days a year. Round final answers to the nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. Sylvestor Systems borrows $165,000 cash on May 15 by signing a 90 -day. 5%,$165,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2.b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity: Completn this question by ontering your answers in the tabs below. Use those calculated values to prepare your entry to record payment of the note at maturity. Note: Use 360 days a year, Round final answers to the nearest whole dollar: Journal entry worksheet Step by Step Solution
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