On October $1,$ Ramos Co$.$ signed a $$90,000,60-$day discounted note at the bank. The discount rate was $6\%,$ and the note was paid on November $30.($Assume a $360-$day year is used for interest computations.$)$

Question Content Area

a$.$ Journalize the entries for October $1$ and November $30.$ If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Oct. $1$

Nov. $30$

Question Content Area

b$.$ Assume that Ramos Co$.$ signed a $6\%$ interest$-$bearing note. Journalize the entries for October $1$ and November $30.$ If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Oct. $1$

Nov. $30$