Sylvestor Systems borrows $133,000 cash on May 15, 2013, by signing a 180-day, 6% note.

1.

On what date does this note mature?

	November 10, 2013
	November 11, 2013
	November 12, 2013
	November 13, 2013
	November 14, 2013

2.	Assume the face value of the note equals $133,000, 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 value to prepare your journal entry to record payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations.)