Question: Question 4 [10 points] Vision Consulting Inc borrowed $45,000 on May 1, 2014, for 75 days at 5% interest by signing a note a) Determine

Question 4 [10 points] Vision Consulting Inc borrowed $45,000 on May

Question 4 [10 points] Vision Consulting Inc borrowed $45,000 on May 1, 2014, for 75 days at 5% interest by signing a note a) Determine the date the note matures, and calculate how much interest expense is generated by this note Dates must be entered in the format dd/mmm (ie 15/Jani) Round all values to Iwo decimal places On what day will this note mature? How much interest expense is created by this note? b) Prepare Vision Consulting Inc 's journal entries on May 1, 2014 and the maturity date Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format dd/mmm (ie January 15 would be 15/Jan) eneral Journal Page 2 Account/Explanation - Debit Credit

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