Instructions On November 16, 2019, Clear Glass Company borrowed $18,000 from First American Bank by issuing a Po-day, non-interest-bearing note. The bank discounted this note at 10% and remitted the difference to Clear Glass. Required: 1. Prepare the journal entries or Clear Glass to record the preceding information, the related Colorido yearend adjusting entry, and payment or the note at marunty 2. Show how the preceding items would be reported on the December 31, 2018, balance sheet 3. Next Level What is Clear Glass Company's attective interest rate? on-Interest-Bearing Notes Payable co Chart of Accounts General Journal Balance Sheet Next Level Balance Sheet Instructions General Journal On 2 Show wie eingered on December 31, 2017 rer Gestion Bacon CLEAR GLASSCOWANY GENERAL MOURNAL HO ACCOUNT 1 Instructions Chart of Accounts General JOL Instructions Next Level 3. What is Clear Glass Company's effective interest rate? Additional Instructions % rate for 90 days