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Brief Exercise 13-4 Sarasota Limited borrowed $45,000 on November 1, 2017, by signing a $45.000, three-month, 9% note. Prepare Sarasota's November 1, 2017 try; and

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Brief Exercise 13-4 Sarasota Limited borrowed $45,000 on November 1, 2017, by signing a $45.000, three-month, 9% note. Prepare Sarasota's November 1, 2017 try; and the Februsry 1, 2018 entry, (Cresdit account titkes are automafically indented when the amount is entry; the December 31, 2017 annual adjyasting er usry 1, 2018 entry, (Credit account titles are automaticaly indented when the amount tered. Do not indent manually. If no entry is roguiresd, sefect "No Entry for the account titkes and enter o for the amounts Roumd aniswers ta Date Account Tidles and Explanation Debit eb. 1, 2058 Brief Exercise 13 6 Concord Inc. borrowed $63,100 on November 1, 2017, by signing a $64,520, three-month, zero-interest bearing note. Calculate the effective interest charged on the note per month. (Round answer to 3 decimal places, e-g.52.755.) The effective interest Prepare Concord's November 1, 2017 entry; the December 31, 2017 annual adjusting entry; and the February 1, 2018 entry (Credit account titles are automaticalily indemted when the amount es entered. Do not indent manua"y. If no entry is required select No Entry for the account titles and enter 0 for the ansounts, nound answers to O decimal places e S2ys Date Account Tieles and Explanation Debit Credit To recoge interest eense)

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