Vaughn Manufacturing signed a three-month, zero-interest-bearing note on November 1, 2020 for the purchase of $506000 of inventory. The face value of the note was $518000. Vaughn used a "Discount of Note Payable" account to initially record the note. Assuming that the discount will be amortized equally over the 3-month period and that there was no adjusting entry made for November, the adjusting entry made at December 31, 2020 will include a debit to Interest Expense for $8000. O credit to Discount on Note Payable for $4000. O credit to Interest Expense for $8000. O debit to Discount on Note Payable for $4000. On September 1, Sheridan purchased $40800 of inventory items on credit with the terms 1/15, net 30, FOB destination. Freight charges were $870. Payment for the purchase was made on September 12. Assuming Sheridan uses the perpetual inventory system and the net method of accounting for purchase discounts, what amount is recorded as the liability from this purchase? O $40392. CO $41670. O $41262. O $40800