15 Kansas Enterprises purchased equipment for $77,000 on January 1, 2021. The equipment is expected to have a ten-year life, with a residual value of $6,000 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2022, would be: (Do not round your intermediate calculations) 8 03:30:55 Multiple Choice $49,280 $49,760 O O O $47,360. $7,700. O 16 On September 1, 2021, Daylight Donuts signed a $190,000, 8%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts records the appropriate adjusting entry for the note on December 31, 2021. In recording the payment of the note plus accrued interest at maturity on March 1, 2022, Daylight Donuts would: (Do not round your intermediate calculations.) 8 03:30:45 Multiple Choice Debit Interest Payable, $2,533. Debit Interest Expense, $5,067. 0 Debit Interest Expense, $2,533. Debit Interest Expense, $7,600. 17 On November 1, 2021, New Morning Bakery signed a $193,000,6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? (Do not round your intermediate calculations.) 8 03:30:37 Multiple Choice $193.965 o $193,000. O $197,825. O $198.790. 18 The Pita Pit borrowed $206,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of: (Do not round your intermediate calculations.) & 03:30:30 Multiple Choice $4,120. $0. O O O $12,360. $24,720. O