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Cart Sales Company completed the following note payable transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. How much interest expense
Cart Sales Company completed the following note payable transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. How much interest expense must be accrued at December 31, 2018? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2018 is $ Requirement 2. Determine the amount of Cart Sales' final payment on July 1, 2019. The amount of Cart Sales' final payment on July 1, 2019 is $ Requirement 3. How much interest expense will cart Sales report for 2018 and for 2019? (if needed, round your answer to the nearest whole dollar.) The company will report interest expense of $ in 2018 and $ in 2019. S: mber 1 More Info July 2018 Jul 1 Purchased delivery truck costing $60,000 by issuing a one-year, 10% note payable. Accrued interest on the note payable. 2018 Dec 31 2019 Jul 1 $ $ Paid the note payable at maturity. Print Done
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