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Question 5 [10 points] Southgate Inc. borrowed $50,000 on December 1, 2014, for 75 days at 10% interest by signing a note. a) Determine the date the note matures, and calculate how much interest expense is generated by this note, both for 2014 and 2015. Dates must be entered in the format dd/mmm (ie. 15/Jan). Round all values to two decimal places. On what day will this note mature? How much interest expense is created by this note in 2014? How much interest expense is created by this note in 2015? b) Prepare Southgate Inc.'s journal entries on December 1, 2014, December 31, 2014, and the maturity date. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Page GJ2 General Journal Account/Explanation Date Credit F Debit + + +