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Keesha Company borrows $ 1 8 0 , 0 0 0 cash on November 1 of the current year by signing a 1 2 0
Keesha Company borrows $ cash on November 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 journal 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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On what date does this note mature?
Note: Assume that February has days.
On what date does this note mature?
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