Assuming a 360-day year, the interest charged by the bank, at the rate of 8%, on a 90-da discounted note payable of $117,600 is Round your answer to the nearest whole dollar. Oa. S117,600 Ob. $9.408 c. $4,704 Od. $2,352 Which statement is not true? Oa. Disclosures related to receivables are reported in the financial statement notes. Ob. Current assets are normally reported in order of their liquidity. Oc. Cash and cash equivalents are the first items reported under Current assets. Od. All receivables that are expected to be realized in cash beyond 265 days are reported in the Noncurrent assets section The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 12,400.00 Social security and Medicare taxes withheld 930.00 Income taxes withheld 283.00 Retirement savings 599.00 The entry to record the payment of net pay would include a Oa, debit 10 Salaries Payable for $10,588.00 Ob. credit to Salaries Expense for $10,588.00 Oc. debit to Salaries Payable for $12,400.00 Od, credit to Salaries Payable for $10.588.00