Deleron Company is in the soap manufacturing business. On October 17, 2019, the company borrowed some money by discounting its own $50,000 noninterest-bearing , 180-day note at First Nevada Bank at a discount rate of 8%.

Required: By rounding all calculations to the nearest penny, and using a 360-day year as described in the textbook for simplicity purposes, prepare dated journal entries to record the following:

A. The original discounting of the note on October 17, 2019

B. The adjusting entry needed at the end of the 2019 calendar year accounting period

C. Payment of the note at maturity on the appropriate date

Format: Part A Deleron Company General Journal Date Accounts Debit Credit Part B Deleron Company General Journal Date Accounts Debit Credit Part C Deleron Company General Journal Date Accounts Debit Credit