Question: Brief Exercise 13-3 Your answer is partially correct. Try again. Teal Corporation borrowed $63,400 on November 1, 2017, by signing a $64,750, 3-month, zero-interest-bearing note.
Brief Exercise 13-3 Your answer is partially correct. Try again. Teal Corporation borrowed $63,400 on November 1, 2017, by signing a $64,750, 3-month, zero-interest-bearing note. Prepare Teal's November 1, 2017, entry; the December 31, 2017, annual adjusting entry: and the February 1, 2018, entry. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Debit Cash 64750 Discount on Notes Payable Notes Payable 12/31/17 No Entry No Entry 2/1/18 No Entry No Entry To record interest) Notes Payable Cash To pay note) Click if you would like to Show Work for this question: QRen Shoy Work Question Attempts: 1 of 7 used
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