Sylvestor Systems borrows $71,000 cash on May 15 by signing a 30-day, 5%, $71,000 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.

Interest at Maturity
Principal
Rate (%)
Time
Total interest

• Record the payment of the note at maturity.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Maturity