Chapter 10 Do It Liabilities Due Friday by 11:59pm Points 10 Submitting an external tool Your grade has been recorded in the Gradebook. Tue, May 26, 2020,5:13:39 PM (America/Los Angeles -07:00) Question 10 View Policies Current Attempt in Progress You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: 1. If cash is borrowed on a $68,000, 9-month, 6% note on August 1. how much interest expense would be incurred by December 312 Interest expense $ 2. The cash register total including sales taxes is $47.250 and the sales tax rate is 5%. What is the sales taxes payable? Sales taxes payable $ 3.14 $49.500 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized by December 312 Subscription revenue $ eTextbook and Media