Question: Question 8 0.67/1 Your answer is partially correct. You and several classmates are studying for the next accounting examination. They ask you to answer the

Question 8 0.67/1 Your answer is partially correct. You and several

classmates are studying for the next accounting examination. They ask you to

Question 8 0.67/1 Your answer is partially correct. You and several classmates are studying for the next accounting examination. They ask you to answer the following questions If cash is borrowed on a $ 56,400, 9-month, 10% note on August 1, how much interest expense would be incurred by December 31? 2350 1. The cash register total including sales taxes is $ 44,625, and the sales tax rate is 5%. What is the sales taxes pavable 2. 3. If $44,625 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? 14875 Question 10 If bonds were issued at a premium, then the contractual rate of interest was than the market rate of interest. eTextbook and Media

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