Question: Saved Help Exercise 9-5 (Algo) Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $150,000 cash on November 1 of the current year

 Saved Help Exercise 9-5 (Algo) Interest-bearing notes payable with year-end adjustments
LO P1 Keesha Co borrows $150,000 cash on November 1 of the

Saved Help Exercise 9-5 (Algo) Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co borrows $150,000 cash on November 1 of the current year by signing a 150-day, 9%, $150,000 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. (.) accrual of Interest on December 31, and ( 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.) Req 1 Req 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 list Journal entry worksheet 1 2 3 Record the issuance of the note on November 1. Note: Enter debits before credits General Journal Transaction (a) Debit Credit Record entry Clear entry View general Journal

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