Keesha Company borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. Note $200,000 Term (days) 90 Rate Days in year 9% 360 Required: 1. On what date does this note mature? Issue Date 1-Nov Year End 31-Dec (Use cells A2 to 16 from the given information to complete this question.) On what date does this note mature? 30-Jan 2. & 3. What is the amount of interest expense in the current year and the following year from this note? Interest expense in current year Interest expense in following year $1,500.00 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. (Use cells A2 to H6, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question.) Credit Date 1-Nov Transaction (a) General Journal Cash Notes payable Debit 200,000 200,000 31-Dec (b) Interest expense Interest payable 30-Jan (c) Notes receivable Interest payable Interest expense Cash x 200,000 0 1,500 201,500