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Sylvestor Systems borrows $115,000 cash on May 15, 2017, by signing a 30-day, 5% note. 1. On what date does this note mature? June 13,
Sylvestor Systems borrows $115,000 cash on May 15, 2017, by signing a 30-day, 5% note. 1. On what date does this note mature? June 13, 2017 June 14,2017 June 15, 2017 June 16, 2017 June 17, 2017 2. Assume the face value of the note equals $115,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal
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