Should have your calculator, scratch paper, pencil and Present Value tables handy, while you complete the exam. ournal entries Insert a table with 3 to 4 columns Right justify your doilar mounts in the appropriate debit/credit columns. The right most column can be used to she ed calculations. You should have practiced prior to the exam. problems that ask for a single amount your final response should appear on the first line and should be clearly identified as your final response. Your labeled calculatio your final response. should not use any other resource (human, electronic, paper, etc.) except as noted above and your brain Question 2 27 p Kohl Company loaned $68,301 to Hemingway, Inc, accepting Hemingway's 4-year. $100,000. rero-interest-bearing note. The implied interest rate is 10%. Prepare Kohl's journal entry at the end of the 2nd year to record the revenue earned. Apply the effective interest method. Edit View Insert Format Tools Table 12pt Paragraph of D EM 3 O words / Should have your calculator, scratch paper, pencil and Present Value tables handy, while you complete the exam. ournal entries Insert a table with 3 to 4 columns Right justify your doilar mounts in the appropriate debit/credit columns. The right most column can be used to she ed calculations. You should have practiced prior to the exam. problems that ask for a single amount your final response should appear on the first line and should be clearly identified as your final response. Your labeled calculatio your final response. should not use any other resource (human, electronic, paper, etc.) except as noted above and your brain Question 2 27 p Kohl Company loaned $68,301 to Hemingway, Inc, accepting Hemingway's 4-year. $100,000. rero-interest-bearing note. The implied interest rate is 10%. Prepare Kohl's journal entry at the end of the 2nd year to record the revenue earned. Apply the effective interest method. Edit View Insert Format Tools Table 12pt Paragraph of D EM 3 O words /