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Sylvestor Systems borrows $ 1 7 0 , 0 0 0 cash on May 1 5 by signing a 6 0 - day, 4 %
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.
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