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On August 1, 2019. Colombo Co.'s treasurer signed a note promising to pay $120,300 on December 31, 2019. The proceeds of the note were $115.800.

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On August 1, 2019. Colombo Co.'s treasurer signed a note promising to pay $120,300 on December 31, 2019. The proceeds of the note were $115.800. c-1. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet of 10 !!! c-2. Record the journal entry to show the effects of recording interest expense for the month of September. (Use rounded discount rate calculated in part a. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Required information c-3. Record the journal entry to show the effects of repaying the note on December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the repayment of the short-term note. Note: Enter debits before credits Debit Credit Date General Journal Dec 31, 2019

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