Accounting 5205

Please answer the questions under the "required" section. I started section "A" already. Please check my answers. "B" and "C" need to be done please.

Problem 7-29 Current liabilities The following selected transactions were taken from the books of Ripley Company for 2018: 1. On February 1,2018, borrowed $70,000 cash from the local bank. The note had a 6 percent interest rate and was due on June 1, 2018. rcn