Question: please round answer to 0 decimal place as asked You and several classmates are studying for the next accounting exam. They ask you to answer
You and several classmates are studying for the next accounting exam. They ask you to answer the following questions: (Round answers to 0 decimal places, e. 3.125 .) 1. If cash is borrowed on a $98,040,9-month, 6% note on August 1 , how much interest expense would be incurted by December 31 ? Interestexpense \$ 2. The cash register total including sales taxes is $63,000, and the sales tax rate is 5%. What is the sales taxes payable? Sates taxes payable 3. If $60,120 is collected in advance on November 1 for 6 -month magazine subscriptions, what amount of subscription revenue should berecognized by December 31 ? Subscription revenue
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