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NEX Question S Sheffield Corporation borrowed $56,000 on November 1, 2017, by signing a $57,320, 3-month, zero-interest-bearing note. Prepare Sheffield's November 1, 2017, entry; the

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NEX Question S Sheffield Corporation borrowed $56,000 on November 1, 2017, by signing a $57,320, 3-month, zero-interest-bearing note. Prepare Sheffield's November 1, 2017, entry; the December 31, 2017, annual adjusting entry; and the February 1, 2018, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 11/1/17 (To record interest) (To pay note)

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