On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $121,500 on December 31, 2022. The proceeds of the note were $115,200. c.

1. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2022

2. Record the journal entry to show the effects of recording interest expense for the month of September.

3. Record the journal entry to show the effects of repaying the note on December 31, 2022. Complete this question by entering your answers in the tabs below. Required C1 Required C2 Required C3

Required informetion FThe following information applies to the questions cisplayed below] On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $121,500 on December 31,2022 . The proceeds of the note were $115,200. 1. Record the joumal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2022 2. Record the joumal entry to show the effects of recording interest expense for the month of September. 3. Record the joumal entry to show the effects of repaying the note on December 31, 2022. Complete this question by entering your answers in the tabs below