Question Completion St ection in Sheet asion QUESTION 1 0.11 On January 1,Wizare Company borrowed $1,500 to be repaid in 4 months, 5% interest.compute the amount of interest to be paid on May 1st. O A $25 O B. $75 OC. $100 OD.$18.75 OE. 6.25 QUESTION 2 On March 1, Wizard Company borrowed $3,200 to be repaid in 7 months, 34 interest.compute the amount of interest to be paid on October 1st. O A 556 OB. 596 OC. 5672 OD. 548 Board QUESTION 3 On September 1. Tekknow Company borrowed 512.000 on a note payable from the bank. It is a 6-month 4% note. The entry to record this transaction includes A Cash 8. Notes Payable Debit Credit 1. QUESTION 4 iod ends on December 31. Calculate the amount of interest that should be accrued. Tekknow's accounting O A $240 OB.$480 OC. $320 OD.5160 OE. $40 QUESTION 5 The entry to record the accrued interest on Decemb Debit A. Interest Payable B. Interest Expense Credit QUESTION 6 On October 1, ABC Company borrows $6,000 from the bank on a 5% note payable due in 8 months. How much interest should be accrue on December 31, the end of the accounting period? O A. $300 O B. $25 OC.575 O D. $200 QUESTION 7 On November 1, A3C Company borrows $7,000 from the bank on a 3% note payable due in 5 months. How much interest should be accrued on Decenber 31, the end of the accounting period? O A. $17.50 O B. $35 OC. $210 OD.$84 QUESTIONS On December 1, ABC Company borrows $10,000 from the bank on a 6% note payable due in 4 months. How much interest should be accrued on December 31, the end of the accounting period? O A $50 O B. $600 OC. $200 OD.$150 QUESTION 9 On August 1, ABC Company borrows $3,000 from the bank on a 4% note payable due in 10 months. How much interest should be accrued on December 31, the end of the accounting period? O A. $120 OB. $10 OC. $50 OD. $60