Example One-Accounting for a Short-Term Noninterest-Bearing Note Payable b. Emerald inc borrowed cash on March 1 and signed a note that is noninterest bearing and the present value of the note payable is 557 , 942 . The company arnortizes the discount using the straight-tine method, Prepare the following entries. - Note: Round your answers to the nearest whole dollar. 1. March 1, date of the loan. 2. June 30, end of Emerald inc.'s accounting penod. 3. September 1 , payment of principal and interest on the note. Example One-Accounting for a Short-Term Noninterest-Bearing Note Payable b. Emerald inc borrowed cash on March 1 and signed a note that is noninterest bearing and the present value of the note payable is 557 , 942 . The company arnortizes the discount using the straight-tine method, Prepare the following entries. - Note: Round your answers to the nearest whole dollar. 1. March 1, date of the loan. 2. June 30, end of Emerald inc.'s accounting penod. 3. September 1 , payment of principal and interest on the