14 ) Greeson Corp . signed a three-month , zero-interest-bearing note on November 1 , 2014 for the purchase of $ 250,000 of inventory . The face value of the note was $ 253,900 . Greeson used a " Discount on Note Payable " account to initially record the note . Assuming that the discount will be amortized equally over the 3-month period and that there was no adjusting entry made for November , the adjusting entry made at December 31 , 2012 will include a
15 ) Presented below is information available for Marley Company .
Current Assets
Cash $ 4,000
Short-term investments 65,000
Accounts receivable 61,000
Inventories 110,000