Question: do required 1-3 please Keesha Co borrows $265,000 cash on December 1 of the current year by signing a 180 day, 11%, $265,000 note 1.
do required 1-3 please
Keesha Co borrows $265,000 cash on December 1 of the current year by signing a 180 day, 11%, $265,000 note 1. On what date does this note mature? 2 & 3. What is the amount of interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note. (b) accrual of interest on December 31, and payment of the note at maturity Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 On what date does this note mature? (Assume that February has 28 days.) in what dote des this pole mature
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