Candleton borrowed cash, signing a two-year, interest-bearing note payable with a face value of $8,000 and an effective interest rate of 8 percent. Interest payments on the note are made annually.

Provide the journal entire s that would be recorded over the life of the note, assuming the following stated interest rates: (a) 8 percent (b) 0 percent (c) 6 percent

Do not copy from Chegg and give complete answer with explanation