interest-bearing note

a two-year, interest-bearing note payable with a face value of…
Candleton borrowed cash, signing a two-year, interest-bearing note payable with a face value of $8,000 and an effective interest rate of 8 percent. Interest payments on the note are made annually.
Provide the journal entries that would be recorded over the life of the note, assuming the following stated interest rates:
a. 8 percent
b. 0 percent
c. 6 percent

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