Question: Show your calculation and process how you get answers. (without it, you cannot get full credit) Roseland Design borrowed $700,000 on a 90-day note from
Show your calculation and process how you get answers. (without it, you cannot get full credit) Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest calculations.) 1. (a) Journalize Roseland's entries to record: The issuance of the note. a. b. The payment of the note at maturity (b) Journalize CorpOne's entries to record a. The receipt of the note. b. The receipt of the payment of the note at maturity
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