Question: Please format the exact same and place all answers in order! thank you! GHA Ch 7 i Seved Help Save & Exit Submit Check my
Please format the exact same and place all answers in order! thank you!

GHA Ch 7 i Seved Help Save & Exit Submit Check my work 1 Abardeen Corporation borrowed $58,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. eBook Hint Print Required a. What amount of cash did Abardeen pay for interest in Year 1? b. What amount of interest expense was recognized on the Year 1 income statement? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) c. What amount of total liabilities was reported on the December 31, Year 1, balance sheet? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) d. What total amount of cash was paid to the bank on March 31, Year 2, for principal and interest? e. What amount of interest expense was reported on the Year 2 income statement? (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) a. Amount of cash pald b. Interest expense C. Total liabilities d. Amount of cash paid e. Interest expense
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