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Keesha Co. borrows $150,000 cash on December 1 of the current year by signing a 90-day, 11%, $150,000 note. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 On what date does this note mature? (Assume that February has 28 days) On what date does this note mature? February 27 X Keesha Co. borrows $150,000 cash on December 1 of the current year by signing a 90-day, 11%, $150,000 note. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Round final answers to the nearest whole dollar.) Total Interest Interest through Expense Expense maturity Current Following Year Year Principal $ 150,000 $ 150,000 $ 150,000 Rate (%) 11% 11% 11% Time 90/360 30/360 60/360 Total interest $ 4, 125 $ 1,421 X $ 2,704 X Keesha Co. borrows $150,000 cash on December1 of the current year by signing a 90-day. 11%, $150,000 note. 1. On what date does this note mature? 2. E 3. What is the amount ofinterest expense in the current year and the following year from this note? 4. Preparejournal entries to record {a} issuance of the note. [b] accrual ofinterest on December 31. and [c] payment of the note at maturity. 9 Answer Is complete but not entirely correct. Complete this question by enterlng your owners In the tabs below. Prepare Journal entries to record (a) issuance of the note, (b) aoanal of interest on December 31Ir and (c) payment of the note at maturity. [Use 360 days a year. Do not round Intermediate calculations.) Cash Notes payable Interest expense Interest euqnense Interest expense Interest payable Notes payable Gash