the answer is not 10.26% or 10.4% On November 16,...
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Accounting
the answer is not 10.26% or 10.4% 
On November 16, 2019, Clear Glass Company borrowed \$18,000 from First American Bank by issuing a 90-day, non-intorost-bearing note. The bank discount this note at 10% and remitted the difference to Clear Glass: Required: 1. Prepare the joumal entries of Clear Glass to record the preceding information, the relatod calondar yoar-end adjusting ontry, and paymant of the note at maturity. 2. Show how the precoding ilems would be reported on the Docember 31, 2019, balance sheot. 3. Next Level What is Clear Glass Company's effective interest rate? 3. What is Clear Glass Company's effective interest rate
the answer is not 10.26% or 10.4%
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