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2018 Apr 1 Purchased delivery truck costing $56,000 by issuing a one-year, 7% note payable. Accrued interest on the note payable. Dec 31 2019 Apr
2018 Apr 1 Purchased delivery truck costing $56,000 by issuing a one-year, 7% note payable. Accrued interest on the note payable. Dec 31 2019 Apr 1 Paid the note payable at maturity. 1. 2. 3. How much interest expense must be accrued at December 31, 2018? (Round your answer to the nearest whole dollar.) Determine the amount of Cape Cod Sales' final payment on April 1, 2019. How much interest expense will Cape Cod Sales report for 2018 and for 2019? (If needed, round your answer to the nearest whole dollar.)
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