REQUIRED: Answer each of the following seven questions: Use the following information to answer the next two questions: Meg Co. borrowed $300,000 by giving a 16%, 90 day, $300,000 note payable dated May 14, 2011 at Tolland Bank. Interest is payable at the maturity date. I. The maturity date of Meg Co.'s note would be: 2. At maturity, Meg Co. should record the payment of the note with a journal entry that would include A. a debit to Cash for $348,000 B. a debit to Interest Expense for $48,000. C. a credit to Cash for $348,000 D. a credit to Notes Payable for $300,000. E. None of the above