Keesha Co. borrows $125,000 cash on December 1, 2017, by signing a 120-day, 8% note with a face value of $125,000. 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 doller.) Total through maturity Interest Expense 2017 Expense 2018 Interest Principal Rate (%) Time Total interest S 125,000 25,000 S125,000 8% 8% 8% 120/360 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 issuance of the $125,000 note Note: Enter debits before credits Transaction General Journal Debit Credit 125,000 Notes payable 125,000 Record entry Clear entry View general joumal