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Keesha Co. borrows $240,000 cash on December 1, 2015, by signing a 180-day, 9% note with a face value of $240,000. 1. On what date
Keesha Co. borrows $240,000 cash on December 1, 2015, by signing a 180-day, 9% note with a face value of $240,000. 1. On what date does this note mature? (Assume that February has 28 days) May 25, 2016. May 26, 2016. O May 27, 2016 May 28, 2016. May 30, 2016. 2-3. What is the amount of interest expense in 2015 and 2016 from this note? (Use 360 days a year. Do not round intermediate calculations.) Total Interest Interest through maturity Expense 2 Expense 2016 Principal Rate Time Total interest
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