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 $93,000, 9- month, 6% note on August 1, how much interest expense would be incurred by December 31? Interest expense $ 2. The cash register total including sales taxes is $35,700, and the sales tax rate is 5%. What is the sales taxes payable? Sales taxes payable $ 3. If $61,500 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 $