Sylvestor Systems borrows $166,000 cash on May 15 by signing a 30-day, 7%, $166,000 note. 2 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. 1.1 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2A Required 2B Interest at Maturity Required 2B General Journal On what date does this note mature? Hint On what date does this note mature? Print References Sylvestor Systems borrows $166,000 cash on May 15 by signing a 30-day, 7%, $166,000 note. 2 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. 1.1 points Complete this question by entering your answers in the tabs below. eBook Required 2B Required 2B Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note. Hint View transaction list Print Journal entry worksheet References Record the issuance of the note. Note: Enter debits before credits. General Journal Debit Credit Date May 15 Record entry Clear entry View general journal Sylvestor Systems borrows $166,000 cash on May 15 by signing a 30-day, 7%, S166,000 note. 2 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. 1.1 points Complete this question by entering your answers in the tabs below. eBook Required 2B Required 2B Required 1 Required 2A Interest at General Maturity Journal First, complete the table below to calculate the interest expense at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar. Hint Interest at Maturity Print Principal Rate(%) References Time Total interest Sylvestor Systems borrows $166,000 cash on May 15 by signing a 30-day, 7%, S166,000 note. 2 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. 1.1 points Complete this question by entering your answers in the tabs below. eBook Required 28 Required 1 Required 2A Required 2 Interest at Maturity General Journal maturity. (Use 360 days a year. Round final answers Hint Use those calculated values to prepare your entry to record payment of the note to the nearest whole dollar.) View transaction list Print C References Journal entry worksheet A > Record the payment of the note at maturity. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry Vlow general Journal
