Brief Exercise 13-3

Sheridan Corporation borrowed $64,800 on November 1, 2017, by signing a $66,330, 3-month, zero-interest-bearing note. Prepare Sheridans November 1, 2017, entry; the December 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 0 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)