Exercises -(3@ 5 point each-15 points) Show your work for partial credit 1. Calculate the interest on a $15,000, 6%, 90-day note receivable. 2. A truck costing $75,000 and on which $65,000 of accumulated depreciation has been re- corded was discarded as having no value. Record the entry to remove this truck from our books Account Title Dr Cr. A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $294,000, what is the amount of the sales taxes owed to the taxing agency? 3. Page 2 of7