On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $122,100 on December 31.2022. The proceeds of the note were $116,700. Required: a. Calculate the discount rate used by the lender. Note: Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1). On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $122,100 on December 31,2022 . The proceeds of the note were $116,700. b. Calculate the effectlve interest rate (APR) on the loan. Note: Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1). 1. Use the horizontal model to show the effects of signing the note and the receipt of the cash proceeds on August 1 . 2022. Indicate 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 . Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of slgning the note and the receipt of the cash proceeds on August 1, 2022. Indicate the finaricial staten Note: Enter decreases with a minus sign to indicate a negative financial statement effect On August 1. 2022, Colombo Company's treasurer signed a note promising to pay $122,100 on December 31,2022 . The proceeds of the note were $116.700. 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 joumal 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. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1. 2022. Note: If no entry is required for a transactionevent, select "No journal entry required" in the first account field