Sylvestor Systems borrows $62,000 cash on May 15, 2018, by signing a 120 day, 7% note. 1. On what date does this note mature? 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, (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 Complete this question by entering your answers in the tabs below. Reg 2B Reg 1 Req 2A Interest Expense on what date does this note mature? Reg 28 General Journal On what date does this note mature? ROO Reg 2A > Sylvestor Systems borrows $62,000 cash on May 15, 2018, by signing a 120-day, 7% note. 1. On what date does this note mature? 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, (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. Complete this question by entering your answers in the tabs below. Reg 28 Reg 28 Reqi Reg 2A Interest General Expense Journal Assume the face value of the note equals $62,000, the principal of the loan. Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet 1 Record the issuance of the note. Note: Enter debits before credits Dobit General Journal Date Credit May 15 Record entry Clear entry View general journal Sylvestor Systems borrows $62,000 cash on May 15, 2018, by signing a 120-day.7% note. 1. On what date does this note mature? 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. (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, Complete this question by entering your answers in the tabs below. Reg 28 Reg 28 Reg 1 Reg 2A Interest General Expense Journal Assume the face value of the note equals $62,000, the principal of the loan. First, complete the table below to calculate the interest expense at maturity. Interest at Maturity Principal Rate(%) Time Total interest Sylvestor Systems borrows $62,000 cash on May 15, 2018, by signing a 120-day, 7% note. 1. On what date does this note mature? 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. (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. Complete this question by entering your answers in the tabs below. Req 2B Reg 28 Reg 1 Req 2A Interest General Expense Jourhal Use those calculated values to prepare your journal 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 1 Record the payment of the note at maturity. Note: Enter debits before credits. Date General Journal Dobit Credit September 12 Record entry Clear entry View general Journal