question 13-14

QUESTION 13 Suppose you borrow $10,000 from the bank on January 15, 2018 to finance your business. The annual interest rate on the loan is. How much will you record as an interest expense on January 31, 2018? O a $66.67 b. 550.00 OG $33.33 d. $25.00 QUESTION 14 The following information pertains to DEF Company, loc. for the year 2018, Liabilities at the end of the year, December 31, 2018 - $1,200 Contributed capital at the end of the year, December 31, 2018 5700 Beginning retained earnings, January 1, 2018 - 5300 Revenue during 2018 - $7,500 Expenses during 2018 $6,800 Distributions to owners during 2018 - $100 What is the amount of the company's total assets at December 31, 2018? O a. 52,800 b. $2,700 O c. $2,600 O d. $2,400