Trista and Co. borrowed $190,000 on December 1, 2020, for 90 days at 6% interest by...

  
 

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Trista and Co. borrowed $190,000 on December 1, 2020, for 90 days at 6% interest by signing a note to t to buy jewellery invertory ote 1. On what date will this note mature? Matury dies 2. How much interest expense is created by this note in 2020? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places) 3. How much interest expense is created by this note in 2021? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) rearest expense 4. Prepare the journal entries on December 1, December 31 (Trista and Co's year-end), and the maturity date. (Use 365 days an year. Do not round Intermediate calculations and round the final answer to 2 decimal places.) View transaction fist Journal entry worksheet < 1 2 3 Record the signing of a $190,000 noté payable for 90 days at 6% interest. Trista and Co. borrowed $190,000 on December 1, 2020, for 90 days at 6% interest by signing a note to t to buy jewellery invertory ote 1. On what date will this note mature? Matury dies 2. How much interest expense is created by this note in 2020? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places) 3. How much interest expense is created by this note in 2021? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) rearest expense 4. Prepare the journal entries on December 1, December 31 (Trista and Co's year-end), and the maturity date. (Use 365 days an year. Do not round Intermediate calculations and round the final answer to 2 decimal places.) View transaction fist Journal entry worksheet < 1 2 3 Record the signing of a $190,000 noté payable for 90 days at 6% interest.

Answer rating: 100% (QA)

Solution 1 Note Issue Date Balance Days in December Days in January D... View the full answer