Question: Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 9.) CCC10 Natalie is thinking of repaying all amounts

 Continuing Cookie Chronicle (Note: This is a continuation of the Cookie

Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 9.) CCC10 Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2014, from Natalie's grandmother. Interest on the note is 9% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2014 (1/2 month), December 2014, and January 2015. Instructions (a) Calculate the interest payable that was accrued and recorded to January 31, 2015. Round to nearest dollar. 1/2 month interest on loan =$2,000 * 9%/12*1/2 = $7.50 1 month interest on loan for December = $2,000 *9 % /12 =... (b) Calculate the total interest expense and interest payable from February 1 to August 31, 2015. Prepare the journal entry at August 31, 2015, to bring the accounting records up to date. Round to nearest dollar. (c) Natalie repays her grandmother on September 15, 2015-10 months after her grandmother

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