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Trista and Co. borrowed $180,000 on December 1, 2020, for 90 days at 5% interest by signing a note to buy jewellery inventory. 1. On

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Trista and Co. borrowed $180,000 on December 1, 2020, for 90 days at 5% interest by signing a note to buy jewellery inventory. 1. On what date will this note mature? Maturity date March 01, 2021 2. How much interest expense is created by this note in 2020? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) Interest expense 3. How much interest expense is created by this note in 2021? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) Interest expense $ 2,219.18 4. Prepare the journal entries on December 1, December 31 (Trista and Co.'s year-end), and the maturity date. (Use 365 days a year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 >

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