Sylvestor Systems borrows $136,000 cash on May 15 by signing a120-day, 6%, $136,000 note. 1. On what

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Sylvestor Systems borrows $136,000 cash on May 15 by signing a120-day, 6%, $136,000 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.

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Posted Date: Apr 27, 2022 03:06 AM

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Sylvestor Systems borrows $136,000 cash on May 15 by signing a120-day, 6%, $136,000 note. 1. On what

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Answer Solution Answer solution k MaturitydateMay15120d C Toyinal Entry ay... View the full answer

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