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Sylvestor Systems borrows $151,000 cash on May 15, 2017, by signing a 30-day, 5% note. 1. On what date does this note mature? June 13,

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Sylvestor Systems borrows $151,000 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 O June 17, 2017 2. Assume the face value of the note equals $151,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 May 15 Cash 151,000 Notes payable 151,000 (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.) Interest at Maturity Principal Rate(%) Time Total interest Journal entry worksheet

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