Keesha Company borrows $115,000 cash on December 1 of the current year by signing a 90-day, 9%, $115,000 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. Complete this question by entering your answers in the tabs below. Req 1 Principal Rate (%) Time Req 2 and 3 What is the amount of interest expense in the current year and the following year from this note? Note: Use 360 days a year. Do not round intermediate calculations and round final answers to the nearest whole dollar. Total interest Total through maturity Req 4 $ Interest Expense Current Year 115,000 $ 9% 90/360 115,000 9% 30/360

Keesha Company borrows $115,000 cash on December 1 of the current year by signing a 90 -day. 9%,$115,000 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. Complete this question by entering your answers in the tabs below. What is the amount of interest expense in the current year and the following year from this note? Note: Use 360 days a year. Do not round intermediate calculations and round final answers to the nearest whole dollar. Keesha Company borrows $115,000 cash on December 1 of the current year by signing a 90 -day. 9%,$115,000 note. 1. On what date does this note mature? 2. \& 3. What is the amount of interest expense in the curfent year and the following year from this note? 4. Prepare journol entries to record (b) issuance of the note, (b) occrual of interest on December 31, and (c) payment of the note maturity. Complete this question by entering your answers in the tabs below. What is the amount of interest expense in the current year and the following year from this note? Note: Use 360 days a year, Do not round intermediate calculations and round final answers to the nearest whole dollar: 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. Note: Use 360 days a year. Do not round intermediate calculations. Journal entry worksheet Record the issuance of the note on December 1. Note: Enter debits before credits. 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. Note: Use 360 days a year, Do not round intermediate calculations. Journal entry worksheet Record the interest accrued on the note as of December 31, current year. Note: Enter debits belore credits. 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: Note: Use 360 days a year. Do not round intermediate calculations. Journal entry worksheet Record payment of the note at maturity, assuming no reversing entries were made on January 1. Note: Enter debits before credits