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Sylvestor Systems borrows $54,000 cash on May 15 by signing a 90-day, 8%, $54.000 note. 1. On what date does this note mature? 2-a. Prepare

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Sylvestor Systems borrows $54,000 cash on May 15 by signing a 90-day, 8%, $54.000 note. 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. Complete this question by entering your answers in the tabs below. Required 28 Required 1 Required 2A Interest at Maturity On what date does this note mature? Required 28 General Journal On what date does this noto maturo? Required 2A > August 12 August 13 August 14 August 15 Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal Sylvestor Systems borrows $54,000 cash on May 15 by signing a 90-day, 8%, $54,000 note. 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 pre record payment of the note at maturity. Complete this question by entering your answers in the tabs below. 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 nearest whole dollar.) Interest at Maturity Principal Rate(%) Time Total interest Required 2B Required 2B Required 1 Required 2A Interest at General Maturity Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar) View transaction list View journal entry worksheet No Event General Journal Credit Debit 54,000 1 Notes payable Interest expense Cash

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