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Sylvestor Systems borrows $ 110,000 cash on May 15, 2013, by signing a 60 day, 12% note.
1. On what date does this note mature?
2. Suppose the face value of the note equals $ 110,000, the principal of the loan. Prepare the journal en tries to record
(a) Issuance of the note and
(b) Payment of the note at maturity.
the information necessary for preparing the 2013 year-end adjusting entries for vitos pizza parlor appears below. vitos
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