26 TIMED! Please help will give LIKE!!!

Bencorp issues a $90,000,6-month, noninterest-bearing note that the bank discounted at a 10% discount rate. Required: 1. Prepare the appropriate journal entry to record the issuance of the note. 2. Determine the effective interest rate. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry to record the issuance of the note. Note: if no entry is required for a transactionvevent, select "No journal entry required" in the first account fleld. Journal entry worksheet Record the issuance of $90,000,6-month, non-interest-bearing note issued at 10% discount rate. Note: finter debils before oredits. Bencorp issues a $90,000,6-month, noninterest-bearing note that the bank discounted at a 10% discount rate. Required: 1. Prepare the appropriate journal entry to record the issuance of the note. 2. Determine the effective interest rate. Complete this question by entering your answers in the tabs below. Determine the effective interest rate. Note: Round your answer to 2 decimal places