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Costello Advertising Agency Inc. was founded by Pat Costello in January of 2013. Presented below are both the adjusted and unadjusted trial balances as of

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Costello Advertising Agency Inc. was founded by Pat Costello in January of 2013. Presented below are both the adjusted and unadjusted trial balances as of December 31, 2014. Answer the following questions. If the note has been outstanding 6 months, what is the annual interest rate on that note? If the company paid $12, 502 in salaries in 2014, what was the balance in Salaries and Wages Payable on December 31, 2013

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