Corporation's controller prepares adjusting entries only at the end of the fiscal year. The adjusting entries were prepared on December 31, 2016: information: company borrowed $120,000 on March 31, 2016. Principal and interest are due on March 31, 2017 note is the company's only interest-bearing debt. for the year on the company's office space is $60,000. The rent is paid in advance. On October 31, 2016, Eldorado lent money to a customer. The customer signed a note with principal and interest at 6% due in one year. Required: What is the interest rate on the company's note payable? Interest rate % The 2016 rent payment was made at the beginning of which month? May June July August How much did Eldorado lend its customer on October 31? Principal