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On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $123,000 on December 31,2022 . The proceeds of the note were $116,100

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On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $123,000 on December 31,2022 . The proceeds of the note were $116,100 c. 1. Use the horizontal model to show the effects of signing the note and the receipt of the cash proceeds on August 1 . 2022 . lndicate the financial statement effect 2. Use the horizontal model to show the effects of recording interest expense for the month of September. Indicate the financial statement effect. 3. Use the horizontal model to show the effects of repaying the note on December 31,2022 . Inclicate the financial statement effec question by entering your answers in the tabs below. ases with a minus sign to indicafe a negstive financal statement effect

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