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Keesha Company borrows $170,000 cash on November 1 of the current year by signing a 180 -day, 8%,$170,000 note. 1. On what date does this

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Keesha Company borrows $170,000 cash on November 1 of the current year by signing a 180 -day, 8%,$170,000 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 maturity. Cornptete this question by anterting your nnawers In the tabe bolow. What is the amount of interest expense in the current year and the following yoor from this note? (Use 360 days a year. Do not round intermediate colculatons and round final answers to the neorest whole dollor:) Keesha Company borrows $170,000 cash on November 1 of the current year by signing a 180-day, 8\%, $170,000 note. 1. On what date does this note mature? 2. a 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) necrual of interest on December 31 , and (c) payment of the note at maturity. moturity. (Use Joo days a year. Do not round intermediete colculations.)

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