Keesha Company borrows $230,000 cash on November 1 of the current year by signing a 120-day, 8%, 230,000 note.

1. On what date does the 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) assurance of the note b) actual interest on December 31, and C) Payment of the notes at maturity.

4. Prepare journal entries to record (a) issuance or why 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