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On November 1, 2015, Casey's Snowboards borrowed cash by signing a $12,000, 90-day, 5% note. On what day does the note mature? Complete the following
On November 1, 2015, Casey's Snowboards borrowed cash by signing a $12,000, 90-day, 5% note. On what day does the note mature? Complete the following table to compute the interest expense for the note. 3. Prepare the journal entry to record the interest expense for 2015. 4. Prepare the journal entry to record repayment of the note on the maturity date
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