Question 2 of8 - / 6 View Policies Current Attempt in Progress You and several classmates are studying for the next accounting exam. They ask you to answer the following questions. 1. If cash is borrowed on a $91,000, 9-month, 6% note on August 1, how much interest expense would be incurred by December 31? Interest expense $ 2. The cash register total including sales taxes is $49,680, and the sales tax rate is 8%. What is the sales taxes payable? Sales taxes payable $ 3. If $67,500 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? Subscription revenue $ eTextbook and Media Gist of Accou nts