Keesha Company borrows $300,000 cash on December 1 of the current year by signing a 150-day, 12%, $300,000 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 Reg 2 and 3 Reg 4 On what date does this note mature? Note: Assume that February has 28 days On what date does this note mature? Han Req 2 and 3> P 0 Keesha Company borrows $300,000 cash on December 1 of the current year by signing a 150-day, 12% $300,000 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. ces Complete this question by entering your answers in the tabs below. Rea L Req 2 and 3- Rea 4 -ut; What is the amount of interest expense in the current year and the following year from this note? Note: Use 360 days a year. Do not round intermediate calculations and round dinal answers to the nearest whole dollar Tolal through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate (%) Time Total interest Keesha Company borrows $300,000 cash on December 1 of the current year by signing a 150-day, 12%, $300,000 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. ences Req 1 Req 2 and 3 Req 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. Note: Use 360 days a year. Do not round intermediate calculations. View transaction list Journal entry worksheet 2 Record the issuance of the note on December 1.1 Note teter debts before credits Tonsaction 00) General Journal Dobile Credie