On November 30, ABC corporation borrows $83,000 from the bank by signing a 60 day, 6% note agreement.  Round values to 2 decimal places.

a)  Calculate the maturity date of the note.

Select an answer January February March April May June July August September October November December

b) Calculate the interest that should be accured on this note at December 31st and write the journal entry to record the accrual.

Journal

Date	Description	Debit	Credit
12/31
12/31
12/31	to accrue interest on note to bank

c) Write the journal entry required on the maturity date of the note assuming ABC corporation pays as agreed.

Journal

Date	Description	Debit	Credit
Maturity Date
Maturity Date
Maturity Date
Maturity Date
Maturity Date	to record the payment of the note at maturity