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Preparing Entries and Interest Schedule for Long-Term Note Receivable: Effective Interest Method On April 1, 2020, Mountain Company sold merchandise and received a $33,600, three-year,

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Preparing Entries and Interest Schedule for Long-Term Note Receivable: Effective Interest Method On April 1, 2020, Mountain Company sold merchandise and received a $33,600, three-year, noninterest-bearing note. The market rate is 10% Mountain Company has a March 31 year end. The company uses the effective interest method to amortize any discount Required Prepare all entries for Mountain Company over the note's term, including year-end adjustments. Note: Round amounts to the nearest whole dollar. Note: If multiple credits are required, list accounts in alphabetical order Date Account Name April 1. 2030 0 0 0 o . Mar 31, 2021 0 . D 0 Mar. 11. 2022 . . 0 0 Mar. 11. 2033 0 0 M. 2003 . 0 0 0 Check

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