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Sylvestor Systems borrows $103,000 cash on May 15, 2017, by signing a 180-day, 5% note. 1. On what date does this note mature? multiple choice

Sylvestor Systems borrows $103,000 cash on May 15, 2017, by signing a 180-day, 5% note. 1. On what date does this note mature? multiple choice November 10, 2017 November 11, 2017 November 12, 2017 November 13, 2017 November 14, 2017 2. Assume the face value of the note equals $103,000, the principal of the loan. (a) Prepare the journal 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 journal entry to record payment of the note at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar.)

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