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Keesha Co. borrows $115.000 cash on December 1 of the current year by signing a 90-day, 9% $115,000 noto. 1. On what cate does this

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Keesha Co. borrows $115.000 cash on December 1 of the current year by signing a 90-day, 9% $115,000 noto. 1. On what cate 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 (c) 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 Beat Reg 2 and 3 Reg4 What is the amount of interest expense in the current year and the following year from this noto? (10 360 days a year Da not found intermediate calculations and Round final answers to the nearest whole dolla) Total through Interest Expense Interest Expense maturity Current Year Following Year Principal 115,000 115.000 115.000 Rate (96) 9 Time 000300 Totat interest 2.500 30000 00100 Exercise 9-5 (Algo) Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $115,000 cash on December 1 of the current year by signing a 90-day, 9%, $115,000 note. 1. On what date does this note mature? 2.8 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 payment of the note at maturity Complete this question by entering your answers in the tabs below. Reg Reg 2 and 3 Prepare Journal entries to record (a) suance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. (Uso 360 days a year. Do not round Intermediate calculations.) View transaction ! View Journal entry worksheet NO Transaction General Journal Debit Credit 1 Notes ayatile (Reg 2 and 3

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