question 6

chapter 8 (my lab)

Cram Sales Company completed the following note payable transactions: Click the icon to view the transactions.) Read the requirements Requirement 1. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2021 is X More info Apr 1, 2021 Purchased delivery truck costing $54,000 by issuing a one-year, 6% note payable. Dec 31, 2021 Accrued interest on the note payable. Apr 1, 2022 Paid the note payable at maturity. Print Done X Requirements 1. 2. 3. How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar) Determine the amount of Cram Sales' final payment on April 1, 2022. How much interest expense will Cram Sales report for 2021 and for 2022? (if needed, round your answer to the nearest whole dollar.) Print Done