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On May 15, Brandy Co. issues a 180-day, 5%, $192,000 note to a bank for a loan. 1. Compute the maturity date of the note.

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On May 15, Brandy Co. issues a 180-day, 5%, $192,000 note to a bank for a loan. 1. Compute the maturity date of the note. 2-a. Record the journal entry for the issuance of the note. 2-b. First, calculate the interest expense at maturity. Then prepare your entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. Required 2B Required Required 2A Interest at Maturity On what date does this note mature? Required 28 General Journal On what date does this note mature? Recu Required 2A > DOD DOO DD 2-b. First, calculate the interest expense at maturity. Then prepare your entry to record payment of the ne Complete this question by entering your answers in the tabs below. Required 2B Required 28 Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note. View transaction list Journal entry worksheet 30 On DO DU On May 15, Brandy Co. issues a 180-day, 5% $192,000 note to a bank for a loan. 1. Compute the maturity date of the note 2a. Record the journal entry for the issuance of the note. 2-b. First, calculate the interest expense at maturity. Then prepare your entry to record payment of the note at maturity Complete this question by entering your answers in the tabs below. Required 28 Required 2B Required 1 Required 2A Interest at General Maturity Journal First, complete the table below to calculate the interest expense at maturity (Use 360 days a year. Round final answers to the rarest whole dollar) Interest at Maturity Principal Rae Time Total interest SO $ 2 3 5 6 7 9 0 W E R . Y 0 P. S F G H J Complete this question by entering your answers in the tabs below. Required 28 Required 2B Required 1 Required 2A Interest at General Maturity Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a yea to the nearest whole dollar.) View transaction list Journal entry worksheet Record the payment of the note at maturity Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general Journal 90 go DE F 2 # 3 $ 4 5 6 7 00 9

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