Keesha Company borrows $$105,000$ cash on November $1$ of the current year by signing a $180-$day, $7\%,$$$105,000$ note.

On what date does this note mature?

& $3.$ What is the amount of interest expense in the current year and the following year from this note?

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.

Complete this question by entering your answers in the tabs below.

Req $1$

On what date does this note mature?

Note: Assume that February has $28$ days.

On what date does this note mature?