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Question 14 What is the amount of total interest to be paid on a $1,000, 5%, 3 month note payable? A. $10 B. 25 c.

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Question 14 What is the amount of total interest to be paid on a $1,000, 5%, 3 month note payable? A. $10 B. 25 c. 30 D. 50 E. None of the above Louis Ruiz Consulting Services has five accounts in its initial trial balance: Cash, Accounts Payable, Ruiz Capital, Telephone Expense and Consulting Revenue. Using the chart for making journal entries, which account is listed third in the trial balance for the consulting services business? A. Cash B. Accounts Payable C. Ruiz Capital D. Telephone Expense E. Consulting Revenue

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