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Sylvestor Systems borrows $10,000 cash on May 15 by signing a 60-day, 12%, $110,000 note. 1. On what date does this note mature? 2-a. Prepare
Sylvestor Systems borrows $10,000 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. (Use 360 days a year. Round final answers to the nearest whole dollar) 1 Complete this question by entering your answers in the tabs below. Required 2B Required 28 Required 1 Required 2A Interest at General Maturity Journal On what dote does this note mature? On what dat does this note mature? Required 2A >
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