Check my work Check My Work button is now enabled1Item 2Item 2 Time Remaining 3 hours 53 minutes 44 seconds03:53:44 Keesha Co. borrows $265,000 cash on November 1, 2018, by signing a 150-day, 10% note with a face value of $265,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.)

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Keesha Co. borrows $265,000 cash on November 1, 2018, by signing a 150-day, 10% note with a face value of $265,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 On what date does this note mature? (Assume that February has 28 days.) On what date does this note mature? Keesha Co. borrows $265,000 cash on November 1, 2018, by signing a 150-day, 10% note with a face value of $265,000. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) payment of the note at maturity. (Assume no reversing entries are made.) 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 2018 and 2019 from this note? (Use 360 days a year. Do not round intermediate calculations. Round final answers to the nearest whole dollar.). Total through maturity Interest Interest Expense 2018 Expense 2019 Principal Rate (%) Time Total interest Keesha Co. borrows $265,000 cash on November 1, 2018, by signing a 150-day, 10% note with a face value of $ 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in 2018 and 2019 from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) pay maturity. (Assume no reversing entries are made.) Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2018, and (c) paymer maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the issuance of the note on November 1. Note: Enter debits before credits. Journal entry worksheet Record the interest accrued on the note as of December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Transaction (b) Record entry Clear entry View general journal