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Brief Exercise 13-3 Concord Corporation borrowed $58,800 on November 1, 2017, by signing a $59,910, 3-month, zero-interest-bearing note. Prepare Concord's November 1, 2017, entry; the
Brief Exercise 13-3 Concord Corporation borrowed $58,800 on November 1, 2017, by signing a $59,910, 3-month, zero-interest-bearing note. Prepare Concord's November 1, 2017, entry; the Decembe 31, 2017, annual adjusting entry; and the February 1, 2018, entry. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record interest) To pay note) SHOW LIST OF ACCOUNTS LINK TO TEXT
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