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Required Harden Company Issued a $57,100 face value discount note to National Bank on July 1, Year 1. The note had a 3.00 Use the
Required Harden Company Issued a $57,100 face value discount note to National Bank on July 1, Year 1. The note had a 3.00 Use the following Information to prepare a classified balance sheet for Alpha Company at the end of Year 1 . percent discount rate and a one-year term to maturity. Required Prepare general journal entries for the following transactions: (Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. The Issuance of the note on July 1, Year 1. b. The adjustment for accrued interest at the end of the year, December 31 , Year 1. c. Recording interest expense for Year 2 and repaying the principal on June 30 , Year 2 Journal entry worksheet 34 Record the issuance of the note on July 1, Year 1. Note: Enter debits before credits
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