use the information given to fill out the charts.

Sylvestor Systems borrows $125,000 cash on May 15, 2017, by signing a 90-day, 8% note. 1. On what date does this note mature? O August 12, 2017 O August 13, 2017 August 14, 2017 August 15, 2017 August 16, 2017 2. Assume the face value of the note equals $125,000, the principal of the loan. a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Clear entry View general journal Record entry (b) First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your journal entry to record payment of the note at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar.) Maturity Rate (%) Time Total interest View transaction list Journal entry worksheet Record the payment of the note at maturity. General Journal Debit Credit Event Clear entry Record entry