Keesha Co. borrows $120,000 cash on December 1 of the current year by signing a 90-day, 11%, $120,000 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. Req 1 Req 2 Reg 4 and 3 On what date does this note mature? (Assume that February has 28 days) On what date does this note mature? Reg 1 Req 2 and 3 > Keesha Co. borrows $120,000 cash on December 1 of the current year by signing a 90-day, 11%, $120,000 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. Req 4 Req 1 Req 2 and 3 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 Interest Expense Expense Current Following Year Year Principal ate (%) Time Total interest Keesha Co. borrows $120,000 cash on December 1 of the current year by signing a 90-day, 11%, $120,000 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. Req 1 Req 2 and 3 Reg 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. (Use 360 days a year. Do not round intermediate calculations.) Show less View transaction list Journal entry worksheet 1 2 3 > Record the issuance of the note on December 1. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry View general journal Clear entry