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Exercise 9-5 (Algo) Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows $210,000 cash on November 1 of the current year by signing a 150-day, 10%, $210,000 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, (b) accrual of interest on December 31, and (a payment of the note at maturity Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Req4 on what date does this note mature? (Assume that February has 28 days.) On what date doos this note mature? & Rent Req 2 and 3 > Keesha Co. borrows $210,000 cash on November 1 of the current year by signing a 150-day, 10%, $210,000 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, (b) accrual of interest on December 31, and (c) payment of the note at maturity Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 What is the amount of interest expense in the current year and the following year from this note? (Use 360 days a year. Do not round intermediate calculations and Round final answers to the nearest whole dollar.) Total through maturity Interest Expense Current Year Interest Expenso Following Year Principal Rate(%) Time Total interest Check m - 3. WHOIS LE MOT OF RESI expense le content year anu I THUWIy year I UND HOLE . Prepare journal entries to record(a) issuance of the note. (b) accrual of interest on December 31, and (d payment of the note at maturity. Complete this question by entering your answers in the tabs below. Reg 4 Reg 1 Reg 2 and 3 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

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