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Keesha Company borrows $290,000 cash on December 1 of the current year by signing a 180-day 11%, $290,000 note: 1. On what date does this

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Keesha Company borrows $290,000 cash on December 1 of the current year by signing a 180-day 11%, $290,000 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 (d) payment of the note at maturity Complete this question by entering your answers in the tabs below. Regi Reg 2 and 3 Reg 4 What is the amount of Interest expense in the current year and the following year from this noto cus 360 days a year. Do not round Intermediate calculations and round final answers to the nearest whole dollar) Total through Interest Expense Interest Expense maturity Current Year Following Year $ 290,000 $ 290,000 $ 290,000 11% 11% 11% Principal Rate(%) Time 180/300 Total interest Req 1 Reg 2 and 3 Reg 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 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet

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