Question: Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $155,000 cash on May 15, 2017, by signing a 150-day, 5% note. 1. On

Exercise 9-3 Accounting for note payable LO P1 Sylvestor Systems borrows $155,000 cash on May 15, 2017, by signing a 150-day, 5% note. 1. On what date does this note mature? October 11, 2017 October 12, 2017 O October 13, 2017 October 14, 2017 O October 15, 2017 2. Assume the face value of the note equals $155,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal

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