Question: CAN YOU PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM Chapter 9 Homework Seved Sylvestor Systems borrows $151,000 cash on May 15, 2018, by signing a

CAN YOU PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM

CAN YOU PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM Chapter 9 Homework

Chapter 9 Homework Seved Sylvestor Systems borrows $151,000 cash on May 15, 2018, by signing a 90-day, 5% note 50 points 1. On what date does this note mature? 2. Assume the face value of the note equals $151,000, the principal of the loan. (a) Prepare the journal entry to record Issuance of the note! (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. eBook Complete this question by entering your answers in the tabs below. Hint Reg 1 Red 2A Req 2B Interest Expense Reg 2B General Journal On what date does this note mature? Print On what date does this note mature? References Req 2A >

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