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Required information The following information applies to the questions displayed below August 1,2022, Colombo Company's...

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Accounting

Required information The following information applies to the questions displayed below August 1,2022, Colombo Company's treasurer signed a note promising to pay $ 123,000 on December 31,2022. The proceeds of the note were $114,9001. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 12022 Record the journal entry to show the effects of recording interest expense for the month of September 3. Record the journal entry to show the effects of repaying the note on December 31,2022
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