Prepare the entry to issue yhe note

Assume that your company issued a $12,600, three-year, zero-interest-bearing note to Ayayai Company, Let's assume further that the note is marketable. The implicit rate that equated the total cash to be paid ($12.600 at maturity) to the present value of the future cash flows ($10.579.21 cash proceeds at the date of issuance) was 6%. Assume that the market rate of interest for a similar interest. bearing note is also 6% The timeline that shows the one cash flow is as follows: Prepare the entry to issue the note. (List debit entry before credit entry. Credit aocount tities are automatically indented when the amount is entered, Do not indent manalily if no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round answers to 2 decimal ploces, es.5.275.25