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1 $ You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: If cash is borrowed

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1 $ 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 $54.000, 10 month, 10% note on August 1, 2250 how much interest expense would be incurred by December 317 2 The cash register total including sales taxes is $42,315, and the sales tax rate is 5%. What is the sales taxes payable? 1542,315 is collected in advance on November 1 for 5-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31 $ 3 $

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