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Sylvestor Systems borrows $59,000 cash on May 15 by signing a 150-day, 7%, $59,000 note. 1. On what date does this note mature? 2-a. Prepare

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Sylvestor Systems borrows $59,000 cash on May 15 by signing a 150-day, 7%, $59,000 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 1 Required 2A Required 28 Interest at Maturity Required 28 General Journal On what date does this note mature? On what date does this note mature? October 12 Reed 1 Required 2A > Sylvestor Systems borrows $59,000 cash on May 15 by signing a 150-day, 7%, $59,000 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 2B Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note, View transaction list View journal entry worksheet Date Debit Credit No 1 May 15 General Journal No Transaction Recorded Sylvestor Systems borrows $59.000 cash on May 15 by signing a 150 day, 7%, $59,000 note 1. On what cate does this note mature? 2-a. Prepare the entry to record issuance of the note 2.b. First, complete the toble 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 28 Required! 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 Journal entry worksheet Record the payment of the note at maturity NoteEnter Geits before credits Event General Journal Debit Credit 1

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