Please teach how to solve and must include formulas

2 Keesha Company borrows $200,000 cash on November 1 of the current year by signing Note Term (days) Rate Days in year W a 90-day, 9%, $200,000 note. $200,000 90 9% 360 UT Required: Issue Date Year End 6 1. On what date does this note mature? 1-Nov 31-Dec 8 (Use cells A2 to H6 from the given information to complete this question.) 9 10 On what date does this note mature? 30-Jan 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 $3,000.00 15 Interest expense in following year $4,500.00 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 Transaction General Journal Debit Credit 22 1-Nov (a) Cash 200,000 23 Notes payable 200,000 24 C 25 31-Dec (b) Interest expense 3,000 26 Interest payable 3,000 27 28 30-Jan (c) Accounts payable 200,000 29 Interest expense 3,000 30 Interest payable 4,500 31 Cash 207,500 3210 On what date does this note mature? 30-Jan 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 $3,000.00 O 15 Interest expense in following year $4,500.00 X 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 Transaction General Journal Debit Credit 22 1-Nov (a) Cash 200,000 23 Notes payable 200,000 24 25 31-Dec (b) Interest expense 3,000 26 Interest payable 3,000 27 28 30-Jan (c) Accounts payable X 200,000 x 29 Interest expense X 3,000 30 Interest payable F X 4,500 x 31 Cash 207,500 32 33 21