Question: Sylvestor Systems borrows $ 1 8 1 , 0 0 0 cash on May 1 5 by signing a 6 0 - day, 6 %

Sylvestor Systems borrows $181,000 cash on May 15 by signing a 60-day, 6%,$181,000 note.
On what date does this note mature?
2-a. Prepare the entry to record issuance of the note.
2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to
record payment of the note at maturity.
Complete this question by entering your answers in the tabs below.
Prepare the entry to record issuance of the note.
Journal entry worksheet
Record the issuance of the note.
Note: Enter debits before credits.
Sylvestor Systems borrows $181,000 cash on May 15 by signing a

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