Current Attempt in Progress You and several classmates are studying for the next accounting exam. They ask you to answer the following questions: (Round answers to 0 decimal places, as. 125.) 1. If cash is borrowed on a $83,520. 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 $46200. and the sales tax rate is 5%. What is the sales taxes payable? Sales taxes payable $ 3. If $42,300 is collected in advance on November 1 for 6-month magazine subscriptions. what amount of subscription revenue should be recognized by December 31? Subscription revenue 35