Sylvestor Systems borrows $$185,000$ cash on May $15$ by signing a $30-$day. $8\%,$ $$185,000$ 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.

On what date does this note mature?

On what date does this note mature? Journal entry worksheet

$1$

Record the issuance of the note.

Note: Enter debits before credits. Complete this question by entering your answers in the tabs

$\backslash$table$[[$Required $1,$Required $2$A$,\backslash$table$[[$Required $2$B$],[$Interest at$],[$Maturity$]],\backslash$table$[[$Required $2$B$],[$General$],[$Journal$]]]]$

First, complete the table below to calculate the interest expense at Note: Use $360$ days a year. Round final answers to the nearest whole

$\backslash$table$[[,\backslash$table$[[$Interest at$],[$Maturity$]]],[$Principal$,],[$Rate $(\%),],[$Time$,],[$Total interest,$]]$ Use those calculated values to prepare your entry to record payment of the note at maturity.

Note: Use $360$ days a year. Round final answers to the nearest whole dollar.

Journal entry worksheet

A

Record the payment of the note at maturity.

Note: Enter debits before credits. Sylvestor Systems borrows $$185,000$ cash on May $15$ by signing a $30-$day, $8\%,$ $$185,000$ note.

$1.$ 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.