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Only need help with C Anne Taylor Company borrowed cash on August 1 of Year 1, by signing a $33,300 (face amount), one-year note payable,

Only need help with C image text in transcribed
Anne Taylor Company borrowed cash on August 1 of Year 1, by signing a \$33,300 (face amount), one-year note payable, due on july 31 of Year 2. The accounting period of Anne Taylor ends December 31. Assume an effective interest rate of 11%. d. Answer (a) and (c) assuming that the note is noninterest-bearing. Use the straight-line method to amortize any discount on note payable. a. How much cash should Anne Taylor Company receive from the note on August 1 of Year 1 , assuming the note is a noninterest-bearing note? c. What liability amounts should be shown on the December 31 of Year 1 balance sheet

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