Mai Lee Excise ch 9 feedback Excel Insert Page Layout Formulas Data Review View Help O Search L B C D E G H Pazzo S.p.A. pays all costs in the month incurred. It collected the following information for May: Beg. cash balance $250 Cash collected from customers $1,250 Depreciation expense $150 Beg. loan balance (12% annual rate) $500 Minimum cash balance $250 Purchase disbursements $600 Proceeds from sale of equipment $450 Selling and administrative costs $300 Wage expense $350 How much interest did Pazzo's pay in May? $5.00 Correct 1250-600 What is Pazzo's preliminary balance at the end of May? How much will Pazzo's borrow/(repay) at the end of May? $0.00 What is Pazzo's ending loan balance? $1,950.00 X What is Pazzo's ending cash balance? X