Saved Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $235,000 cash on November 1 of the current year by signing a 120-day, 8%, $235,000 note 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 4. Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note al maturity Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 On what date does this note mature? (Assume that February has 28 days) On what date does this note mature? Ree Req 2 and 3 > Saved Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $235,000 cash on November 1 of the current year by signing a 120-day, 8%, $235.000 note. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 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 Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Round final answers to the nearest whole dollar) Total through maturity Interest Expense Current Year Interest Expense Following Year Principal Rate(%) Time Total interest Exercise 11-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $235,000 cash on November 1 of the current year by signing a 120-day, 8%, $235,000 note, 1. On what date does this note mature? 2. & 3. What is the amount of interest expense in the current year and the following year from this note? 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 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. (Use 360 days a year. Do not round intermediate calculations.) View transaction ist Journal entry worksheet