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Sylvester systems borrows $174,000 cash on May 15 by signing a 90 day 4% 174,000 note 1.On what day does the note mature? 2-a Prepare
Sylvester systems borrows $174,000 cash on May 15 by signing a 90 day 4% 174,000 note
1.On what day does the note mature?
2-a Prepare the entry to record issuance of the note
2-b First comple the table the table below to calculate the interest expense at maturity.Use those calculated values to prepare your entry record payment of the note at maturity
Interest at Maturity | |
Principle | |
Rate(%) | |
Time | |
Total Intresr |
Record to payment of the note at maturity
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