E4-14 (Algo) Determining Financial Statement Effects of Adjustments for Interest on Two Notes LO4-1 Note 1 On Apri 1 of the curreat yeac, Wairen Corparatico received a 550,000,10 percent nobe from a cuttomer in se tidement of a The andear eccountrig penod for Warren ends on Decomber at. Wote 2 i Ort August t of the current yeor to meet a cash shortage, Warren Corporation obeaned a 550.000 . 12 percent loan fiom a locai liank. The princiobt of the note and imereat expense are parable at the end of sik monthi. Pequired: For mired: tevart uarsaction dates of each nete, indicale the anounts and the direction of eefects on the eiements af the beiarse sheet wath a negathe ameuntd