On November 16, 2019, Clear Glass Company borrowed \$18,000 from First American Bank by issuing a 90-day, non-linterest-bearing note. The bank discounted this note at 10% and remitted the ditterence to Clear Glass. Required: 1. Prepare the joumal entries of Clear Glass to record the preceding information, the related calondar yoar-end adjusting enty, and payment of the note at maturity. 2. Show how the precoding ifems would be reported on the December 31, 2019, balance sheet. 3. Next Level What is Clear Giass Company's effective interest rate? 2. Show how the preceding items would be reported on the December 31, 2019, balance sheet. Balance Sheet Instructions 3. What is Clear Glass Company's effective interest rate