Calibri Help Paste Copy 12 -A A Format Painter Clipboard STU-- - A Wrap Text Merge & Center General C14 $ - % - 1 - X Alignment Number AA 1 Directions: Complete the chart below based on the background information E Background information: Anna Corporation borrowed $85,000 from the bank on October 1,2018. The note had 4 an 7% annual rate of interest and matured on March 31,2019. Interest and principal were paid in cash 5 on the date on the maturity date. sa) What amount of cash did Anna pay for interest in 2018 b) What amount of interest expense was recognized on the 2018 income statement c) What amount of total liabilities was reported on the December 31,2018 balance sheet? 1 d) What total amount of cash was paid to the bank on March 31, 2019 for principal and interest? 2 e) What amount of interest expense was reported on the 2019 income statement? 4 a) Interest Expense Paid 5 b) Interest Expense 5 c) Total Liabilities d) Amount of Cash Bel Interest Expense (Hint: This will be the Interest Expense for 3 months for the note) ... Problem 42 Problem 43 Problem 4.4 Problem 45 Problem 4.6 O Type here to search