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please answer fast Pina Colada Inc. borrowed $67,600 on November 1, 2020, by signing a $68.715, three month, zero-interest-bearing note. Calculate the effective interest charged

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Pina Colada Inc. borrowed $67,600 on November 1, 2020, by signing a $68.715, three month, zero-interest-bearing note. Calculate the effective interest charged on the note. (Round answer to 1 decimal places, es. 5.2%) The effective interest 0.318 % Prepare Pina Colada's November 1, 2020 entry; the December 31, 2020 annual adjusting entry, and the February 1.2021 entry. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275) Date Account Titles and Explanation Debit Credit Nov. 1. 2020 Cash 67600 Notes Payable Dec 31, 2020 Interest Expense Notes Payable Feb. 1.2021 Interest Expense Notes Payable (To accrue interest expense) 68715 Feb 1.2021 Notes Payable

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