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6 points Question 14 On June 1, Ava, Inc. borrowed $500,000 cash from Broadway Bank under a six month noninterest-bearing note, with a 6% dincount

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6 points Question 14 On June 1, Ava, Inc. borrowed $500,000 cash from Broadway Bank under a six month noninterest-bearing note, with a 6% dincount rate. Interest was payable at maturity a. (2 pts) i Ava makes an adjustment for the June monthly financials, what oumal entry will be recorded? Prepare the adjusting entry in the proper format b. (pt) After Ava records the adjustment, what is the remaining liability on the note? Give the answer and show how you calculated this amount c. (2 pt) What is the effective interest rate on the note? Give the answer and show your calculation, For the toolbar, press ALT:10PC) ALTINFO Mad BIVS Paragraph Aria 1408 T. F 9 H ( V 9

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