1. On November 1, 2015 Brown Company accepted a $5,000, 6-month, 10% (annual rate) note receivable from a customer, the interest to be collected when the note is collected. What amount should be credited to interest revenue on December 31, 2015? Round to the nearest dollar

2. On November 1, 2015 Brown Company accepted a $5,000, 6-month, 10% (annual rate) note receivable from a customer, the interest to be collected when the note is collected. What amount should be credited to interest revenue on December 31, 2015? Round to the nearest dollar

3. Turtle Company had the following balances at the end of the accounting period:

Retained Earnings, January 1, 2019 : $350,000

Revenue recorded during 2019: $500,000

Expenses recorded during 2019: $250,000

Dividends declared during 2019: $75,000

Determine the December 31, 2019 balance of Retained Earnings. show work