eBook Show Me How Office 365 Entries for discounted note payable A business issued a 90-day note for $42,000 to a bank. The note was discounted at 9%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. THHHH Open spreadsheet 2. Journalize the entry to record the issuance of the note. Record debits first, then credits. If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar Debit Credit Account Cash Interest Expense Notes Payable b. Journalize the entry to record the payment of the note at maturity. Record debits first, then credits. If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar Debit Credit Account Notes Payable Cash CheMyW a. The joumal entry to record the issuance of the note should include the amount of the cash received the interest expense, and the amount borrowed D. Recall what type of note was issued. How much does the company have to pay at maturity? Nek Previous > Check My Work