Help AutoSave H D Workshop 4 Problems Student - Excel File Home Insert Draw P age Layout Formulas Data Review View 12 AA = 2 Wrap Text Paste BIURO- A SE Merge & Center - Clipboard Font Alignment General $ - %98- Conditional Format as Formatting Tables Styles 4 Number I G11 x for A SE OG 1 4.4 Accounting for a short-Term Note Payable Points: 5 items @ 4 pts. each = 20 points 2 Directions: Complete the chart below based on the background information 4 Background information: Anna Corporation borrowed $85,000 from the bank on October 1, 2018. The note had 5 an 7% annual rate of interest and matured on March 31,2019. Interest and principal were paid in cash 6 on the date on the maturity date. 9 a) What amount of cash did Anna pay for interest in 2018 10 b) What amount of interest expense was recognized on the 2018 income statement 11 c) What amount of total liabilities was reported on the December 31, 2018 balance sheet? 12 d) What total amount of cash was paid to the bank on March 31,2019 for principal and interest? 13 e) What amount of interest expense was reported on the 2019 income statement? 14 15 a) Interest Expense Paid 16 b) Interest Expense (Hint: This will be the Interest Expense for 3 months for the note) 17 c) Total Liabilities (Hint: This will be the LOAN amount and Interest Expense for 3 months) 18 d) Amount of Cash 19 e) Interest Expense Problem 4.1 Problem 4.2 Problem 4.3 Problem 4.4 Problem 4.5 Problem 4.6 + Type here to search o Be 9x