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just small 5 questions rticipation Questions #21 (due 4-27 by 9:00 PM PT) Length: 2:00:00 Sachin Dhakal: Attempt 8 ge 1: Question 1 (0.25 points)
just small 5 questions
rticipation Questions #21 (due 4-27 by 9:00 PM PT) Length: 2:00:00 Sachin Dhakal: Attempt 8 ge 1: Question 1 (0.25 points) Which of the following is NOT a current liability? All of the choices are current liabilities. Interest Expense Accounts Payable Notes Payable due within 8 months of the Balance Sheet date Sales Tax Payable Question 2 (0.25 points) The issuer of a note is also known as the borrower. True False Question 3 (0.25 points) On June 1, 2019, Sea Company issues First Federal Bank a three-month $100,000 note payable with a 6% annual interest rate. The journal entry Sea Company makes to record the issuance of the notes includes a DEBIT to Cash for $100,000 True False Question 4 (0.25 points) On June 1, 2019, Sea Company issues First Federal Bank a three-month $100.000 note payable with a 6% annual interest rate. The ADJUSTING journal entry Sea Company makes on June 30, 2019, to accrue inforest from June 1 through June 30 includes a DEBIT to: Interest Expense for $500 Interest Expense for $2.000 Interest Payable for $2,000 Interest Payable for $500 Question 5 (0.25 points) State Unemployment Tax (SUTA) is withhold roemployee paych True False Step by Step Solution
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