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A local dessert shop. I'm Your Biggest Fan issued a $200.000 note on January 1, 2021 to a third-party. You're Fantastic. The note wil mature

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A local dessert shop. I'm Your Biggest Fan issued a $200.000 note on January 1, 2021 to a third-party. You're Fantastic. The note wil mature on March 1 2021. The interest rate on the note is ow and the market rate of interest on the note is 7% I'm Your Biggest Flan has a December 31 year-end. What is the journal entry that would be recorded on the derecognition and settlement of the note on March 1, 20217 Enter a positive number if the account is in a debit position Enter a negative number if the account is in a credit position - 10,000). Do not uses signs in your final answer. Do not round intermediary answers. If an account does not apply, entero Round your final answers to the nearest dollar 5 Cash-5 Interest Payable- Notes Payable

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