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Sylvestor Systems borrows $ 1 1 0 , 0 0 0 cash on May 1 5 by signing a 6 0 - day, 1 2

Sylvestor Systems borrows $ $110, 000$ cash on May $15$ by signing a $60 -$ day, $12 %,$ $ $110, 000$ 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.

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