CH 1 Sylvestor Systems borrows $199,000 cash on May 15 by signing a 30-day, 8%. $199,000 note. 0.34 points 1. On what da
Posted: Tue Nov 16, 2021 9:36 am
- Ch 1 Sylvestor Systems Borrows 199 000 Cash On May 15 By Signing A 30 Day 8 199 000 Note 0 34 Points 1 On What Da 1 (27.9 KiB) Viewed 121 times
- Ch 1 Sylvestor Systems Borrows 199 000 Cash On May 15 By Signing A 30 Day 8 199 000 Note 0 34 Points 1 On What Da 2 (38.13 KiB) Viewed 121 times
- Ch 1 Sylvestor Systems Borrows 199 000 Cash On May 15 By Signing A 30 Day 8 199 000 Note 0 34 Points 1 On What Da 3 (27.5 KiB) Viewed 121 times
- Ch 1 Sylvestor Systems Borrows 199 000 Cash On May 15 By Signing A 30 Day 8 199 000 Note 0 34 Points 1 On What Da 4 (39.64 KiB) Viewed 121 times
1 Sylvestor Systems borrows $199,000 cash on May 15 by signing a 30-day, 8%, $199,000 note 0.34 points 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. Book Required 1 Required 2A Required 28 Interest at Matutity Required 28 General Journal 8 Hint Prepare the entry to record issuance of the note. References View transaction lit Journal entry worksheet Record the issuance of the note: Noter Enter debits before credits Date General Journal Debit Credit May 15
1 Sylvestor Systems borrows $199.000 cash on May 15 by signing a 30-day, 8%. $199,000 note. 0.34 points 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. H Required 28 Required 28 Required 1 Required 2A Interest at General Maturity Journal First, complete the table below to calculate the interest expense at maturity. (Use 360 days a year. Round final answers to the nearest whole dollar) References Interest at Maturity Principal Rate(%) Time Total interest < Required 2A Required 28 General Journal >
Sylvestor Systems borrows $199,000 cash on May 15 by signing a 30-day, 8%, $199,000 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. BOOK Required 2B Required 28 Required 1 Required 24 Interest at General Maturity Journal Use those calculated values to prepare your entry to record payment of the note at maturity. (Use 360 days a year round final answers to the nearest whole dollar) frences View transaction list Journal entry worksheet A Record the payment of the note at maturity, Note: Enter debits before credits General Journal Debit Credit Event 1