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Please answer all parts! Or do not answer please! 1a. On November 1....

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Accounting

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Please answer all parts! Or do not answer please!

1a. On November 1. 2018. XYZ Corp signs a note with face value $112.000, and receives $100,000 in cash. The note is non-interest bearing. The proceeds are due in exactly one year, on October 31, 2019. Show journal entry for November 1. 1b. Show the journal entry for December 31, 2018. 1c. What will XYZ report as the carrying value of the note on its December 31, 2018 balance sheet?

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