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13. What's the total of the PurchasesResaie oolumn, Account 501, in the purchase invoice register? A. $9,898.71 C. $10,158.54 B. $10,048.09I D. 810,2?124 19. What's
13. What's the total of the PurchasesResaie oolumn, Account 501, in the purchase invoice register? A. $9,898.71 C. $10,158.54 B. $10,048.09I D. 810,2?124 19. What's the total of the Accounts Payable column, Account 201, in the purchase invoice register? A. $10,048.09 C. $10,2T1.24 B. $10,158.54 D. $10,488.38 20. What's the balance in the acoounts payable ledger after the close of business on May 22? A. $10,048.09I C. $10,271.24 B. $10,188.01 D. $10,488.38 III. Questions 2125 are based on the Following information for Sitva Collectibles: Notes Payable Date Description interest Hate January 1 $100,000 note due in 9 months 9% March 1 $75,000 note due in 6 months 12% Notes Receivable February 1 $80,000 note due in 3 months 8% Assume ail interest is paid at maturity and none of the notes are paid early. 21. What should be the entry for interest expense on March 3t? (Hint: There are two notes.) A. Debit $1,500 C. Credit $1,500 B. Debit $?50 D. Credit $750 22. What entry should be recorded in the Interest Receivable acoount tor February? A. Credit$300 C. Credit $900 B. Debit $300 D. Debit $900 23. How much interest inoome should be recorded for the year ending December 31? A. $900 $3,300 $3,800 it depends on when the interest is paid. PP!\
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