Question: Please help me answer these questions. No explanation needed On November 1, a company loans a customer $59,000 in exchange for an 7%, three-month notes

Please help me answer these questions. No explanation needed

Please help me answer these questions. No explanation needed On November 1,a company loans a customer $59,000 in exchange for an 7%, three-monthnotes receivable with interest due at maturity. If the accounting period endson December 31, how much interest revenue should be recorded on December31? (Ch3) $344 $2,753 C $688A company fully acquires a competitor's companyfor $1,300,000. The acquired company had assets with a book value of

On November 1, a company loans a customer $59,000 in exchange for an 7%, three-month notes receivable with interest due at maturity. If the accounting period ends on December 31, how much interest revenue should be recorded on December 31? (Ch3) $344 $2,753 C $688A company fully acquires a competitor's company for $1,300,000. The acquired company had assets with a book value of $2,100,000 and a fair value of $2,300,000, while it had liabilities with a book value of $1,000,000 and a fair value of $1,400,000. How much should be recorded to the goodwill account due to the company's acquisition? (Ch12) O $200,000 $1,000,000 C $400,000 soWhich of the following would occur latest within the accounting cycle (note that some steps may be missing)? (Ch3) O Financial statements O Journalization O Posting Adjusted trial balanceAssume that $65,000 of accounts receivable is factored on a with recourse basis. If a 4% finance charge is assessed. 3% is retained for adjustments. and any recourse liability has a fair value of $3,000. hovlI much lose on sale of receivables should be recorded? (Ch?) 0 54,550 0 52,500 0 51,550 0 $5,500 After depreciating a building $22,000 per year for 3 years, the estimates are changed to a 21 -year total useful life and a $?4,000 salvage value. If the building originally cost $?20,000, how much yearly depreciation should be taken after the change? {Chill} 0 $35,333 0 $22,313 0 $32,222 0 $33,232 Which of the following costs would n_ot be capitalized to the equipment account? {Child} O Goats with installation and testing of the equipment 0 Sales tax on the equipment 0 All of the other answers would be capitalized to equipment 0 Purchase price of the equipment

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