Sylvestor Systems borrows $140,000 cash on May 15, 2018, by signing a 120-day, 6% note. 1. On what date does this note mature? 2. Assume the face value of the note equals $140,000, 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.

Sylvestor Systems borrows $140,000 cash on May 15, 2018, by signing a 120-day, 6% note. 1. On what date does this note mature? 2. Assume the face value of the note equals $140,000, 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. Complete this question by entering your answers in the tabs below Req 2B Interest Req 2B General Req 1 Req 2A Expense Journal On what date does this note mature? On what date does this note mature? Req 2A> September 11, 2018 September 12, 2018 September 13, 2018 September 14, 2018