Do It! Review 10-1a Your answer is partially correct. Try again. You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: 2400 1. If cash is borrowed on a $57,600, 10-month, 10% note on August 1, how much interest expense would be incurred by December 31? 2. The cash register total including sales taxes is $43,050, and the sales tax rate is 5%. What is the sales taxes payable? DO 3. If $43,050 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? LINK TO TEXT