Please give me step by step solution and all the correct answer please.

Thank you

Figure A

3) How much interest expense is recorded for the year ending December 31 in figure A?

A)$4,500

B)$11,250

C)$6,750

D)It depends on when the interest is paid

4)What entry should be recorded in the interest receivable account for February in Figure A?

A)Credit $300

B)Debit $300

C)Credit $900

D)Debit $900

19)How much interest income should be recorded for the year ending December 31 in Figure A?

A)$900

B)$3,600

C)$3,300

D) It depends on when the interest is paid

15)When would a business use a Note versus Accounts Payable?

A) When the customer has bad credit

B) When the amount is large

C) When the customer has a good credit

D) When the payment terms are over a longer time

Figure 1

13) The Parcel post charge of $25.89 on invoice no. 496 should be entered on the sales register in the column for?

A)Dept. A Sales Cr

B)Dept. A Trans

C)Dept. B Sales Cr

D)Credit-General Ledger

Notes Payable Date Description Interest Rate January 1 $100,000 note due in 9 months 9% March 1 $75,000 note due in 6 months 12% Notes Receivable February 1 $60,000 note due in 3 months 6% Assume all interest is paid at maturity and none of the notes are paid early. Date Invoice No. 5/03 494 Belmont Plumbing 153 units (un assembled) 105 units (assembled) Sales Information 2%/10- net 30 FOB Shipping Point $15.76 $2,411.28 25.91 $ 2,720.55 $5,131.83 Tax 6% $ 307.9098 $5,439.74 5/07 495 S. V. Northrup 139 units (assembled) 92 units (unassembled) 29/10- net 30 FOB Destination $12.54 each $ 1.743.06 8.27 each $760.84 $ 2,503.90 Tax 6% $ 150.234 $ 2,654.134 5/10 496 T. J. Auto 15 units (assembled) 2%/10- net 30 FOB Shipping Point $12.95 6% Tax $ 194.25 $ 11.66 $ 205.91 $ 25.89 $ 231.80 $25.89 Transportation-Parcel post charges 0. 5/12 497 Baker Brothers 349 units (unassembled) 48 units (assembled) 2%/10- net 30 FOB Shipping Point $12.95 each $ $ 4,519.55 25.91 each $ 1,243.68 $ 5763.23 $ 345.79 $ 6109.02 Tax 6%