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Brief Exercise 13-) Sepe Corporation borrowed 5,700 on November 1, 2017, by signing a $60,230, 3-month, re-interest-bearing note. Prepare Sage's November 1, 2017, entry, the
Brief Exercise 13-) Sepe Corporation borrowed 5,700 on November 1, 2017, by signing a $60,230, 3-month, re-interest-bearing note. Prepare Sage's November 1, 2017, entry, the December 31, 2017, annus adjusting entry, and the February 1, 2018, entry ( try required, elect E ntry for the accountries and enter for the amounts Credit accountries are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Credit 11/1/17 Cash Discount on Notes Payable 12/31/17 0 Interest Expense Discount on Notes Payable 2/1/18 ! tnterest Expense Discount on Note Pavable (o recorded Notes Paste
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