Motora Systems borrows $137,000 cash on May 15, 2009, by signing a 180-day, 9% notes. 1. On what date does this note mature? 2. Suppose the face value of the note equals $137,000, the principal of the loan. Prepare the journal entries to record. (a) Issuance of the note. (b) Payment of the note at maturity. View Solution:
Motora systems borrows 137000 cash on may 15 2009 by

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