Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2020, from Natalies grandmother. Interest on the note is 9% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2020 (1/2 month), December 2020, and January 2021.

Calculate the interest payable that was accrued and recorded up to January 31, 2021. (Round answer to 0 decimal places, e.g. 125.)

Interest payable

$enter interest payable in dollars rounded to 0 decimal places

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List of Accounts

Calculate the total interest expense and interest payable from February 1 to August 31, 2021. (Round answer to 0 decimal places, e.g. 125.)

Total interest expense and interest payable

$enter total interest expense and interest payable in dollars rounded to 0 decimal places