Keesha Co. borrows $115,000 cash on December 1, 2017 by signing a 120-day, 12% note with a face value of $115,000. 1. On what date does this note mature? (Assume that February has 28 days) March 26, 2018 March 27, 2018 March 28, 2018 March 30, 2018 March 31, 2018 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the nearest whole dollar.) Total through maturity Interest interest Expense 2017 Expense 2018 $ 115,000 $ $ 115,000 Principal Rate(%) 115,000 12% Time Total interest 4. Pedre U CSUCCU U 15 SUCCULL FULL- and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the issuance of the $115,000 note. Note: Enter debits before credits. Transaction Debit Credit (a) General Journal Cash Notes payable Record entry Clear entry View general journal Type here to search Og 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2017, and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the interest accrued on the note as of December 31, 2017 Note: Enter debits before credits. Debit Credit Transaction (b) General Journal interest expense interest payable Record entry Clear entry View general journal 4. Prepare jould res eiud Issudice Ulule Tule, (D) di Udi Ulleresl dlule en U 2017 and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record payment of the note at maturity, assuming no reversing entries were made on January 1. Note: Enter debits before credits. Transaction Debit Credit (c) General Journal Notes payable Interest payable Interest expense Cash Record entry Clear entry View general journal