Keesha Co. borrows $165,000 cash on December 1 of the current year by signing a 90-day, 10%, $165,000 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, Answer is not complete Complete this question by entering your answers in the tabs below. Reg Reg 2 and 3 Reg 4 On what date does this note mature? (Assume that February has 28 days) March 01 On what date does this note mature? What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a y Round final answers to the nearest whole dollar.) Total through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate (%) $ 165,000 10% 90/360 $ 165,000 10% $ 165,000 10% 30/360 $ 137,500 Time 60/360 Total interest Req 1 Req 2 and 3 Seq4 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.) No Transaction General Journal Credit Debit 165,000 1 Cash Notes payable 105,000 2 (b) Interest expense Interest payable 165 000 3 (C) Notes payable Interest payable Interest expense Cash Red