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Keesha Company borrows $ 1 5 0 , 0 0 0 cash on December 1 of the current year by signing a 1 8 0
Keesha Company borrows $ cash on December of the current year by signing a day, $ note
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?
Prepare joumal entries to record
a issuance of the note,
b accrual of interest on December and
c payment of the note at maturitY
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