s Receivable On January 1, 2017, Allied Corporation receives a two-year, $50,000 zero-interest bearing note for payment of goods sold when the current market rate is 6%. The note is due December 31, 2018. Allied is a privately held company, follows ASPE and uses the effective interest rate method for amortizing discounts and premiums on notes receivable. Required: A. Provide the journal entry(ies) required on January 1, 2017. B. Provide the journal entry(ies) required on December 31, 2017. C. Provide the journal entry(ies) required on December 31, 2018. Instructions: Complete your answer in the attached excel worksheet, enable editing to allow for editing of the document and ensure that you save your work before uploading in here as your response. Q32 Notes Receivable.xlsx