Question: hw 11-3 Exercise 11-3 Accounting for note payable LO P1 Sylvestor Systems borrows $139,000 cash on May 15, 2017, by signing a 90-day, 6 %

hw 11-3 Exercise 11-3 Accounting for note payable LO P1 Sylvestor

hw 11-3

Exercise 11-3 Accounting for note payable LO P1 Sylvestor Systems borrows $139,000 cash on May 15, 2017, by signing a 90-day, 6 % note. 1. On what date does this no August 12, 2017 August 13, 2017 August 14, 2017 August 15, 2017 August 16, 2017 2 Assume the face value of the note equals $139,000, the principal of the loan. (a) Prepare the journal entry to record Issuance of the note. View transaction lst Journal entry worksheet 1 Record the issuance of the note Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general Journal O O

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