Question: Glaus Corp. signed a three - month, zero - interest - bearing $ 1 5 2 , 2 0 5 note on November 1 ,

Glaus Corp. signed a three-month, zero-interest-bearing $152,205 note on November 1,2015 for the purchase of $150,000 of inventory.
Prepare the necessary journal entries to record and settle this note?

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