Question: Exercise 10-14 Notes payable with year-end adjustments LO3 Trista and Co. borrowed $350,000 on December 1, 2020, for 90 days at 7% interest by

Exercise 10-14 Notes payable with year-end adjustments LO3 Trista and Co. borrowed

Exercise 10-14 Notes payable with year-end adjustments LO3 Trista and Co. borrowed $350,000 on December 1, 2020, for 90 days at 7% interest by signing a note to buy jewellery inventory. 1. On what date will this note mature? Matunty date 2. How much interest expense is created by this note in 2020? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) interest expense Mayt

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