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Trista and Co. borrowed $230,000 on December 1, 2020, for 90 days at 6% Interest by signing a note to buy jewellery Inventory. 1. On
Trista and Co. borrowed $230,000 on December 1, 2020, for 90 days at 6% Interest by signing a note to buy jewellery Inventory. 1. On what date will this note mature? Maturity date 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 4. Prepare the journal entries on December 1, December 31 (Trista and Co.'s year-end), and the maturity date. (Use 365 days an year. Do not round Intermediate calculations and round the final answer to 2 decimal places.) Journal entry worksheet Record the accrued interest at year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet
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