Question: 1 B C D E F G H 2 Keesha Company borrows $200,000 cash on November 1 of the current year by signing a

1 B C D E F G H 2 Keesha Company borrows

1 B C D E F G H 2 Keesha Company borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. (Click on the Chart of Accounts Tab below.) 5 Note principal 6 Term of note Interest rate Days in year Issue date 10 Year end 12 Required: $200,000 90 days 9% 360 11/1/2024 12/31/2024 13 1. On what date does this note mature? 14 2.& 3. What is the amount of interest expense in years 2024 and 2025 from this note? (Use 360 days in year) 2. Interest expense in 2024: 3. Interest expense in 2025: 18 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. 15 16 17 23 24 25 26 27 28 29 30 31 anm 32 19 20 21 Date 11/1/2024 22 12/31/2024 1/0/1900 General Journal Debit Credit 0 0

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