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How much interest expense would be incurred by december

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Reference no: EM132488413

Question 1. If cash is borrowed on a $150,000 8-month 10% note on August 1, how much interest expense would be incurred by December 31?

Question 2. The cash register total including sales taxes is $28,013 and the sales tax rate is 9%. What is the sales taxes payable?

Question 3. If $36,000 is collected in advance on November 1 for 3 months' rent, what amount of rent revenue should be recognized by December 31?

Reference no: EM132488413

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