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Keesha Co. borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%. $200.000 note. 1. On what date does this

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Keesha Co. borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%. $200.000 note. 1. On what date does this note mature? 2. How much interest expense is recorded in the current year? (Assume a 360-day year.) 3. How much interest expense is recorded in the following year? (Assume a 360-day year.) 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

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