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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. & 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. Req 1 Req 2 and 3 Reg 4 On what date does this note mature? 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 year. Do not round intermediate calculations.) Total through maturity Interest Interest Expense Expense Current Year Following Year Principal Rate (%) Time Total interest Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (cT payment of the note at maturity. Record the issuance of the note on November 1. Note: Enter debits before credits. Transaction General Journal Debit Credit (a) Record the interest accrued on the note as of December 31, current year. Note: Enter debits before credits. Transaction General Journal Debit Credit (b) Record payment of the note at maturity, assuming no reversing entries were made on January 1. "Note: Enter debits before credits. Transaction General Journal Debit Credit (c)

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