Help save & ERIE Submit Check my work Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 4 25 paints Keesha Co. borrows $155,000 cash on December 1, 2017, by signing a 120-day, 12% note with a face value of $155,000. 1. On what date does this note mature? (Assume that February has 28 days) March 26, 2018 eBook March 27, 2018 March 28, 2018 March 30, 2018 March 31, 2018 Print 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to the nearest whole dollar.) References Total through maturity Interest Interest Expense 2017 Expense 2018 L. Principal Rate(%) Time Total interest 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2017, and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet