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Bison Inc. lends Bear Cat Company $20,000 in exchange for 2 year note bearing interest at 6% annually. The market rate of interest for a

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Bison Inc. lends Bear Cat Company $20,000 in exchange for 2 year note bearing interest at 6% annually. The market rate of interest for a note of similar risk is 8% 1. The journal entry to record the notes receivable on books of Bison Inc. will include the following dollar amounts: (round final answer to the nearest dollar): a. Debit to Notes Receivable: b. Credit to Cash: c. Credit to Discount on Notes Receivable: 2(a)The dollar amount of Interest Revenue recorded by Bison Inc at the end of year one is (round to the nearest dollar): (a) type your answer (b) tyoeyouranswer. (c) type your answer.. 2(a) type youn

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