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Sylvestor Systems borrows $56,000 cash on May 15, 2017, by signing a 60-day, 7% note. 1. On what date does this note mature? July 13,

Sylvestor Systems borrows $56,000 cash on May 15, 2017, by signing a 60-day, 7% note. 1. On what date does this note mature? July 13, 2017 O July 14, 2017 July 15, 2017 O July 16, 2017 O July 17, 2017 2. Assume the face value of the note equals $56,000, 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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