Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $58,000 cash on May 15...

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Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $58,000 cash on May 15 by signing a 60-day, 6%, $58,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. Required 2B Interest at Maturity Required 2B Required 1 Required 2A General Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year. Round final answer to the nearest whole dollar.) View transaction list View journal entry worksheet ..... No Event General Journal Debit Credit A 1 Notes payable 58,000 Interest expense Cash < Required 2B Interest at Maturity Required 2B General Journal > Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $58,000 cash on May 15 by signing a 60-day, 6%, $58,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. Required 2B Interest at Maturity Required 2B Required 1 Required 2A General Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year. Round final answer to the nearest whole dollar.) View transaction list View journal entry worksheet ..... No Event General Journal Debit Credit A 1 Notes payable 58,000 Interest expense Cash < Required 2B Interest at Maturity Required 2B General Journal >

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1 On What date does this note mature From ... View the full answer