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Sac Sylvestor Systems borrows S196.000 cash on May 15 by signing a 180-day, 5%, $196,000 note 1. On what date does this note mature? 2-0.
Sac Sylvestor Systems borrows S196.000 cash on May 15 by signing a 180-day, 5%, $196,000 note 1. On what date does this note mature? 2-0. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to 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 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 Record the issuance of the note. Notes Enter debits before credits General Journal Debit Credit Date May 15 Record entry Clear entry View general journal Sylvestor Systems borrows $196,000 cash on May 15 by signing a 180-day, 5% $196,000 note. 1. On what date does this note mature? 2 a. Prepare the entry to record issuance of the note 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to 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 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 Principal Rate() Time Total interest Sylvestor Systems borrows $196,000 cash on May 15 by signing a 180-day, 5% $196.000 note 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity Use those calculated values to prepare your entry to record payment of the note at maturity Complete this question by entering your answers in the tabs below. Required 20 Required 28 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. (se 60 days a wear Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the payment of the note at maturity. Note Enter debits before credits General Journal Debil Credit Event 1 Record entry Clear entry View general journal
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