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Sylvestor Systems borrows $69,000 cash on May 15, 2015, by signing a 90-day, 5% note. 1. On what date does this note mature? August 12,

Sylvestor Systems borrows $69,000 cash on May 15, 2015, by signing a 90-day, 5% note. 1. On what date does this note mature? August 12, 2015 August 13, 2015 August 14, 2015 August 15, 2015 August 16, 2015 2. Assume the face value of the note equals $69,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note.

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