Question: A 5 Required: B 6 1. On what date does this note mature? 7 8 (Use cells A2 to H6 from the given information to

A 5 Required: B 6 1. On what date does this note mature? 7 8 (Use cells A2 to H6 from the given information to complete this question.) 9 10 On what date does this note mature? 11 31-Dec D E F G Issue Date Year End 1-Nov 31-Dec 12 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 13 14 Interest expense in current year 15 Interest expense in following year 16 17 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 mate 18 19 (Use cells A2 to H6, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question.) 20 (Use cells A2 to H6, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete Date 1-Nov Transaction (a) 31-Dec (b) 31-Dec (c) General Journal Debit Credit A B C D E F G H Rate Days in year 90 9% 360 1 B 2 Keesha Company borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. Note Term (days) $200,000 4 5 Required: 6 1. On what date does this note mature? Issue Date 1-Nov Year End 31-Dec 7

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