Keesha Company borrows $175,000 cash on December 1 of the current year by signing a 180-day, 8%, $175,000 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 Req 2 and 3 Req 41 On what date does this note mature? (Assume that February has 28 days.) On what date does this note mature? 30-May Req 1 Req 2 and 3> Keesha Company borrows $175,000 cash on December 1 of the current year by signing a 180-day, 8%, $175,000 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 Req 2 and 3 Req 4 What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Do not round intermediate calculations and round final answers to the nearest whole dollar.) Total through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate (%) $ 175,000 $ 175,000 $ 8% 8% 175,000 8% Time Total interest 180/360 30/360 repare jou (d) issuance of the hote, (0) maturity. (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet < 1 2 3 Record the issuance of the note on December 1. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit on Dec nent or the note at Record entry Clear entry View general Journal