Sylvestor Systems borrows $ 6 1 , 0 0 0 cash on May 1 5 by signing a 1 5 0 day, 8 , $ 6 1 , 0 0 0 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 val...

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Sylvestor Systems borrows $ 6 1 , 0 0 0 cash on May 1 5 by signing

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Question:

Sylvestor Systems borrows $

61, 000

cash on May

15

by signing a

150 -

day,

8 %,

61, 000

note.

1 .

On what date does this note mature?

2 -

.

Prepare the entry to record issuance of the note.

2 -

.

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.

Posted Date: Jun 07, 2024 04:40 PM

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Sylvestor Systems borrows $ 6 1 , 0 0 0 cash on May 1 5 by signing

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