PLEASE HELP, I AM VERY LOST ON THIS PROBLEM.... THE INFO I WAS SENT I WILL POST BELOW I DO NOT UNDERSTAND. THANK YOU FOR THE HELP

A) Hint: Pay attention to the dates and when interest is paid

B) The bonds were established in October so only 3/12 of a year of expense will be recorded in 2018.

C) Hint:This will be the bond amount and Interest Expense for 3 months

D)This will be the amount of the bond plus the 6 months of interest from October - March when it became fully mature

E) This will be calculated the same as part B

le Home Insert Draw Page Layout Formulas Data Review View Help Calibri * 12 A" A 29 Wrap Text General aste BIU- B-Z-A- Merge & Center Co For ipboard Font Alignment Number A C D G 4.4 Accounting for a Short-Term Note Payable Points: 5 items @ 4 pts. each = 20 points Directions: Complete the chart below based on the background information Background information: Anna Corporation borrowed $85,000 from the bank on October 1,2018. The note had an 7% annual rate of interest and matured on March 31,2019. Interest and principal were paid in cash on the date on the maturity date. a) What amount of cash did Anna pay for interest in 2018 ) b) What amount of interest expense was recognized on the 2018 income statement I (c) What amount of total liabilities was reported on the December 31,2018 balance sheet? 2 d) What total amount of cash was paid to the bank on March 31,2019 for principal and interest? e) What amount of interest expense was reported on the 2019 income statement? 5 a) Interest Expense Paid 6 b) Interest Expense (Hint: This will be the Interest Expense for 3 months for the note) 7 c) Total Liabilities (Hint: This will be the LOAN amount and Interest Expense for 3 months) 8 d) Amount of Cash 9 e) Interest Expense Problem 4.1 Problem 4.2 Problem 4.3 Problem 4.4 Problem 4.5 Problem 4.6 cady