Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 note. 1....
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Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 28 Interest at Maturity On what date does this note mature? On what date does this note mature? General Journal Required 1 Required 2A > Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 28 Required 28 Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note. View transaction list Journal entry worksheet 1 Record the issuance of the note. Note: Enter debits before credits. Date May 15 General Journal Debit Credit < Prev 3 of 10 Next > Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 28 Required 2B Required 1 Required 2A Interest at Maturity General Journal First, complete the table below to calculate the interest expense at maturity. Note: Use 360 days a year. Round final answers to the nearest whole dollar. Principal Rate (%) Time Total interest Interest at Maturity Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Interest at Maturity Required 28 General Journal 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. View transaction list Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits. Date Maturity General Journal Debit Credit < Prev 3 of 10 Next > Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 28 Interest at Maturity On what date does this note mature? On what date does this note mature? General Journal Required 1 Required 2A > Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 28 Required 28 Required 1 Required 2A Interest at General Maturity Journal Prepare the entry to record issuance of the note. View transaction list Journal entry worksheet 1 Record the issuance of the note. Note: Enter debits before credits. Date May 15 General Journal Debit Credit < Prev 3 of 10 Next > Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 28 Required 2B Required 1 Required 2A Interest at Maturity General Journal First, complete the table below to calculate the interest expense at maturity. Note: Use 360 days a year. Round final answers to the nearest whole dollar. Principal Rate (%) Time Total interest Interest at Maturity Sylvestor Systems borrows $134,000 cash on May 15 by signing a 30-day, 5%, $134,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Interest at Maturity Required 28 General Journal 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. View transaction list Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits. Date Maturity General Journal Debit Credit < Prev 3 of 10 Next >
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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