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Please show and explain how they got that answer. Thank you! 0/1 pts Question 28 Tate Company purchased equipment on November 1,2014 and gave a

Please show and explain how they got that answer. Thank you!
0/1 pts Question 28 Tate Company purchased equipment on November 1,2014 and gave a 14- month, 8% note with a face value of $47013. Interest and principle are paid back when the entire loan is due. What is the amount of the adjustment to liabilities on December 31, 2014? You Answered 7522.08 Correct Answer6 627.0 margin of error +/-1.0

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