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Business, 19.11.2019 04:31 1thousandwishes

Keesha co. borrows $200,000 cash on november 1, 2018, by signing a 90-day, 9% note with a face value of $200,000. 1. on what date does this note mature? 2. & 3. what is the amount of interest expense in 2018 and 2019 from this note? 4. prepare journal entries to record (a) issuance of the note (b) accrual of interest at the end of 2018.(c) payment of the note at maturity. (assume no reversing entries are made.)'

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Keesha co. borrows $200,000 cash on november 1, 2018, by signing a 90-day, 9% note with a face value...

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