6. Hip Company borrowed $29,000 cash on February 1, 2021, and signed a seven-month, 6% note payable with interest payable at maturity. Assuming that adjusting entries have been made monthly, the amount of accrued interest payable to be reported on the May 31, 2021 balance sheet is? Round answer to the nearest dollar. a. $1,740 b. $1,015 $994 d. $580 $435 c. e. 7. On March 1, 2021, Sol, Inc. signed a one-year, 8% note payable for $60,000. Assuming that Sol maintains its books on a calendar year basis, how much interest expense should be reported in the 2022 income statement? Round answer to the nearest dollar. a. $800 b. $2,400 c. $4,000 d. $4,800 8. Dot Company borrowed $17,000 cash on March 1, 2021, and signed an eleven-month, 5% note payable with interest payable at maturity. What is the amount of total interest expense on this note? Round answer to the nearest dollar. $71 a. b. $708 c. $773 d. $779 e. $850 a. 9. Tap Company borrowed $82,000 cash on March 5, 2021, and signed a 135-day, 7% note payable with interest payable at maturity. Which of the following would be the required adjusting entry at the on March 31, 2021? Use 360-day year and round your answer to the nearest dollar. Dr. Notes Payable 82,000 Dr. Interest Expense 5,740 Cr. Cash 87,740 b. Dr. Interest Expense 5,740 Cr. Interest Payable 5,740 Dr. Interest Expense 415 Cr. Interest Payable 415 d. Dr. Interest Expense 415 Cr. Notes Payable 415 c