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2. On November 1,201, Denver Resources issued a $216,000,9-month, noninterest-bearing note at a 10% discount rate to fund a geological survey. The loan was made

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2. On November 1,201, Denver Resources issued a $216,000,9-month, noninterest-bearing note at a 10% discount rate to fund a geological survey. The loan was made by Metro Bank. Required: 1) Prepare the appropriate journal entry on November 1, 20x1 for Metro. 2) Prepare the adjusting entry on December 31,201, to record interest on the note for Metro. 3) Prepare the appropriate journal entry(s) on July 31,202 (for interest and the collection of the note) for Metro

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