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help asap pls i upvote On November 1,2024 , a $216,000,9-month, noninterest-bearing note is issued at a 10% discount rate. Required: 1,3 & 4. Record
help asap pls i upvote
On November 1,2024 , a $216,000,9-month, noninterest-bearing note is issued at a 10% discount rate. Required: 1,3 \& 4. Record the entries for the issuance, interest, and payment on the note on the dates given. 2. Determine the effective interest rate. Required: 1,3&4. Record the entries for the issuance, interest, and payment on the note on the dates given. 2. Determine the effective interest rate; Complete this question by entering your answers in the tabs below. Record the entries for the issuance, interest, and payment on the note on the dates given. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first field. field. Journal entry worksheet Record the issuance of $216,000,9-month, non-interest-bearing note issued at a 10% discount. Note: Enter debits before credits. 2. Determine the effective interest rate. Complete this question by entering your answers in th Req 1 and 3 to 4 Determine the effective interest rate. Note: Do not round intermediate calculations and round your Step by Step Solution
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