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Keesha Co. borrows $105,000 cash on November 1 of the current year by signing a 180-day, 9%, $105,000 note. 1. On what date does this

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Keesha Co. borrows $105,000 cash on November 1 of the current year by signing a 180-day, 9%, $105,000 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 (c) payment of the note at maturity. Complete this question by entering your answers in the tabs below. Req1 Reg 2 and 3 Req 4 Prepare journal entries to record (a) Issuance of the noto, (b) accrual of interest on December 31, and (c) payment of the note at maturity. (Use 360 days a year. Do not round Intermediate calculations.) View transaction is Journal entry worksheet 1 2 3 > Record the issuance of the note on November 1. Note Enter debts before credits Transaction General Journal Debit Credit 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. (Use 360 days a year. Do not round Intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 Record the issuance of the note on November 1. Notes Enter debits before credits Transaction General Journal Debit Credit (0) Record entry Clear entry View general Journal Record payment of the note at maturity, assuming no reversing entries were made on January 1. Note: Enter debits before credits General Journal Dobit Credit Transaction (c) Record entry Clear entry View general journal

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