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Trista and Co. borrowed $350,000 on December 1, 2023, for 90 days at 7% interest...

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Accounting

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Trista and Co. borrowed $350,000 on December 1, 2023, for 90 days at 7% interest by signing a note to buy jewellery inventory. 1. On what date will this note mature? 2. How much interest expense is creoted by this note in 2023? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) 3. How much interest expense is created by this note in 2024? (Use 365 days a year, Do not round intermediate calculations and round the final answer to 2 decimal places.) 3. How much interest expense is created by this note in 2024 ? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) 4. Prepare the journal entrles on December 1, December 31 (Trista and Co.'s year-end), and the maturity date. (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) 1 Record the signing of a $350,000 note payable for 90 days at 7% interest. 2 Record the accrued interest at year-end. 3 Record the payment of note plus interest

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