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Business, 11.07.2019 20:20 sarahbennett11p4yxlb

You and several classmates are studying for the next accounting examination. they ask you to answer the following questions: 1. if cash is borrowed on a $61,200, 9-month, 10% note on august 1, how much interest expense would be incurred by december 31? $enter a dollar amount 2. the cash register total including sales taxes is $41,895, and the sales tax rate is 5%. what is the sales taxes payable? $enter a dollar amount 3. if $41,895 is collected in advance on november 1 for 5-month magazine subscriptions, what amount of subscription revenue should be recognized on december 31?

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