Question: Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 14-11 Metiock Corporation issued a 4-year, 585,000, zero-interest-bearing note to Brown Company on

 Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION Brief

Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 14-11 Metiock Corporation issued a 4-year, 585,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $48,599. The implicit interest rate is 15% Prepare Metlock's journal entries for (a) the January 1 Issuance and (b) the December 31 recognition of interest. (Round answers to decimal places, e.g. 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit accounties are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Credit Click t you would like to show Work for this question Open Show Work 1: 800BEEN mand command option

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