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Cranmore com E3-19A@earning Objective 1: Record note payable transactions) Assume that completed the following note payable transactions. 2012 8% note payable. Apr Purchased delivery truck

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Cranmore com E3-19A@earning Objective 1: Record note payable transactions) Assume that completed the following note payable transactions. 2012 8% note payable. Apr Purchased delivery truck costing s85,000 by Issuing a one-year, Dec Accrued interest on the note payable. Apr Paid the note payable at maturity. 1. How much interest expense must be accrued at December 31, 20127 (Round your answer to the nearest whole dollar.) 2. Determine the amount of Cranmore's final payment on April 1.2013 3. How much interest expense will Cranmore report for 2012 and for 20137 (Round your answer to the nearest whole dollar)

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