Sylvestor Systems borrows $62,000 cash on May 15, 2016, by signing a 120-day, 6% note. 1. On what date does this note mature? September 11, 2016 September 12, 2016 September 13, 2016 September 14, 2016 September 15, 2016 2. Assume the face value of the note equals $62,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet Recod the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal (b) First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your journal entry to record payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations.) Interest at Maturity Principal Rate (%) Time Total interest View transaction list Journal entry worksheet Record the payment of the note at maturity Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal