Question: Dear expert please help me with solving this question : thank you so much in advance Yamin Group of Companies made a loan and received

Dear expert please help me with solving this question : thank you so much in advance

Yamin Group of Companies made a loan and received in exchange a 3-year, $85,000 note bearing no interest. The market rate of interest for a note of similar risk is 9 percent. How does the company record the receipt of the note? Do calculations for discount amortizations if applicable along with early journal entries the company had to pass.

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