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  3. on april 1, 2023, jas inc. signed a $129,000, zero

on april 1, 2023, jas inc. signed a $129,000, zero-interest-bearing, six-month promissory note. the note's...

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Accounting

on april 1, 2023, jas inc. signed a $129,000, zero-interest-bearing, six-month promissory note. the note's present value is $122,857 based on the bank's discount rate of 10%. the company's year-end is september 30, 2023 and the note is repayable on october 1, 2023

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