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Trista and Co. Borrowed 370,000 on December 1, 2020, for 90 days at 4% interest by signing a note to buy jewellery invertory. answer the

Trista and Co. Borrowed 370,000 on December 1, 2020, for 90 days at 4% interest by signing a note to buy jewellery invertory. answer the following questions based on that.
Record the following journal entries
A) Record the signing of a 370,000 note payable for 90 days at 4% interest
B) Record the accrued interest at year-end
C) Record the payment of note plus interest image text in transcribed
image text in transcribed
Exercise 10-14 Notes payable with year-end adjustments LO3 Trista and Co borrowed $370,000 on December 1, 2020, for 90 days at 4% 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 ye 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. round the final answer to 2 decimal places.) Interest expense

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