Assuming a 5-day workweck, what sHOU horrowed cash on August 1, 2020, and signed a $33,300 (face amouns Anne Taylor Company poyable, due on July 31, 2021. The accounting period of Anne Taylor ends December 31. Exercise 15-56 Recording Eneies o Nointerest Bearing ssume an effective p interest rate of 11%. Required and Notes LO4 a. How much cash should Anne Taylor Company receive on the note, assuming the note note? Provide the following entries and reporting amounts: 1. August 1, 2020, date of the loan. 2. December 31, 2020, adjusting entry 3. July 31,2021, payment of the note. 4. What liability amounts should be shown on the December 31, 2020, balance sheet? b. . Answer (a) and (b) above assuming that the note is noninterest-bearing. Use the straight-line me ortize any discounts on note payable. method to am