Question: Hi, i need help eith these questions. D Question 8 5pt On September 30, 2019. Black Corporation borrowed $120,000 from Wells Fargo to be repaid
D Question 8 5pt On September 30, 2019. Black Corporation borrowed $120,000 from Wells Fargo to be repaid in 10 years with interest paid once a year on September 30 at an annual rate of 6% on the outstanding loan balance for the previous year. On October 1, 2021, Black borrowed an additional $30.000 from Wells Fargo with the same terms (6% Interest paid annually on September 30). On Black's Income Statement for the year ended December 31, 2021. how much would Black report as interest Expense? $7.650 $7.200 $9.000 52.250 Question 9 5 pts A company purchased $400 worth of raw materials on account from a vendor in March and recorded the purchase as an account payable. The $400 was subsequently paid in April. The effect of this payment in April is to increase Cash by $400 and decorate Row Materials Expense by 5400 O decreate Accounts Payablety 5400 and decrease Raw Materials Expense by 5400 increase Raw Materials Expense by $400 and decrease Cash by 5.000 dece Accounts Payable by $400 and decrease Gay 5100 5 pts Question 10 2 0 2 3 1 16
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