Sylvestor Systems borrows $ 1 4 9 , 0 0 0 cash on May 1 5 by
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Question:
Sylvestor Systems borrows $ cash on May by signing a day, $ note. On what date does this note mature? a Prepare the entry to record issuance of the note. 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 Required A Required B Interest at Maturity Required B General Journal On what date does this note mature? On what date does this note mature? Required A Prepare the entry to record issuance of the note. Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May Required B Interest at Maturity Required B General Journal First, complete the table below to calculate the interest expense at maturity. Use days a year. Round final answers to the nearest whole dollar. Interest at Maturity Principal Rate Time Total interest Use those calculated values to prepare your entry to record payment of the note at maturity. Use days a year. Round final answers to the nearest whole dollar. Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits. Date General Journal Debit Credit Maturity
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