Question: eu So Far does not indicate con 8 Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $200,000 cash on November

 eu So Far does not indicate con 8 Exercise 9-4 Interest-bearing

eu So Far does not indicate con 8 Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200.000 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. (.) accrual of interest on December 31, and ( payment of the note at maturity Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req1 Reg 2 and 3 Reg 4 What is the amount of Interest expense in the current year and the following year from this nate? (Use 360 days a year. Do not round intermediate calculations.) Total Interest Interest through Expense Expense maturity Current Following Year Year Principal $ 200,000 $ 200,000 $ 200,000 Rate(%) 9% 3% Time 60/380 30/360 3 30/360 Total interest $ 3.000 3 1.500 $ 1,500 9%

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