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Sylvestor Systems borrows $157,000 cash on May 15, 2015, by signing a 30-day, 5% note. 1. On what date does this note mature? June 13,

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Sylvestor Systems borrows $157,000 cash on May 15, 2015, by signing a 30-day, 5% note. 1. On what date does this note mature? June 13, 2015 June 14, 2015 June 15, 2015 June 16, 2015 June 17, 2015 2. Assume the face value of the note equals $157,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet

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