Blanton Plastics, a household plastic product manufacturer, borrowed $24 million cash on October 1, 2024, to provide working capital for year-end production. Blanton issued a four-month noninterest-bearing promissory note. 15\% is the bank's stated discount rate Required: (a) Prepare the journal entries to record the issuance of the noninterest-bearing note by Blanton Plastics on October 1,2024 , the adjusting entry at December 31, and payment of the note at maturity. (b) What would be the effective interest rate? Complete this question by entering your answers in the tabs below. Suppose the face amount of the note was adjusted to include interest (a noninterest-bearing note) and 15% is the bank's stated discount rate. (a) Prepare the journal entries to record the issuance of the noninterest-bearing note by Blanton Plastics on October 1 , 2024, the adjusting entry at December 31, and payment of the note at maturity. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars