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On May 15, Brandy Co, issues a 30-day, 8%, $175,000 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 30-day, 8%, $175,000 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 28 Required 20 Required Required 2A Interest at General Maturity Journal Prepare the entry to record lenf the nate Journal entry worksheet 1 Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal Sau Help S 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 nearest whole dollar.) Interest at Maturity Principal Rate(%) Time Total interest Journal entry worksheet

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