Question: Answer the following questions. 1 . If the note has been outstanding 3 months, what is the annual interest rate on that note? 2 .

Answer the following questions.
1. If the note has been outstanding 3 months, what is the annual interest rate on that note?
2. If the company paid $12,500 in salaries and wages in 2024, what was the balance in Salaries and Wages Payable on December 31,2024?

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