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 $57.600, 11-month, 10% note on August 1, 2. how much interest expense would be incurred by December 31? The cash register total including sales taxes is $44,520, and the sales tax rate is 5%. What is the sales taxes payable? 3. If $44,520 is collected in advance on November 1 for 5-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? $ $ Qu Acc Qu Acc Qu 63 Ace Qu Ac 63 eTextbook and Media Save for Later Qu Ac Qu Attempts: 0 of 3 used Submit Answer Act