IMPORTANT: Answer grading policy evi ta For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 re ction OK is presented in x M C1 x fx A B D E F G H 3 4 5 1 2 Keesha Company borrows $200,000 cash on November 1 of the current year by signing a 90-day, 9%, $200,000 note. Required: 6 1. On what date does this note mature? 7 8 (Use cells A2 to H6 from the given information to complete this question.) 9 Note Term (days)| Rate Days in year $200,000 90 9% 360 Issue Date 1-Nov Year End 31-Dec 10 On what date does this note mature? 11 12 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 13 14 Interest expense in current year 15 Interest expense in following year 16 17 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity. 18 19 (Use cells A2 to H6, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question.) 20 21 Date 22 1-Nov Transaction (a) 23 24 25 31-Dec (b) 26 27 28 (c) 29 30 31 32 33 34 General Journal Debit Credit K P R S T