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Mercedes Boats borrowed $150,000 on September 15, 2023, for 45 days at 6% interest by signing a note. 1. On what date will this note
Mercedes Boats borrowed $150,000 on September 15, 2023, for 45 days at 6% interest by signing a note.
1. On what date will this note mature?
2. How much interest expense is created by this note? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.)
3. Prepare the journal entries for September 15, 2023, and the maturity date. (Use 365 days a year. Do not round intermediate calculations and round the final answers to 2 decimal places.)
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