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

Part 2

Requirement 2. Determine the amount of

Bart

Sales' final payment on

October

1,

2022.

The amount of Bart Sales' final payment on October 1, 2022 is

Part 3

Requirement 3. How much interest expense will

Bart

Sales report for

2021

and for

2022?

(If needed, round your answer to the nearest whole dollar.)

Requirement

• Question 3
• Question 4

Question content area top

Part 1

Bart

Sales Company completed the following note payable transactions:

LOADING...

(Click

the icon to view the transactions.)

Read the

requirements

LOADING...

.

Question content area bottom

Part 1

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

Part 2

Requirement 2. Determine the amount of

Bart

Sales' final payment on

October

1,

2022.

The amount of Bart Sales' final payment on October 1, 2022 is

Part 3

Requirement 3. How much interest expense will

Bart

Sales report for

2021

and for

2022?

(If needed, round your answer to the nearest whole dollar.)

	2021	2022
Interest expense	1500	4500

Calculator

Time Remaining: 01:13:18

Next

pop-up content starts

More info

Oct 1, 2021	Purchased delivery truck costing $60,000 by issuing a one-year, 10% note payable.
Dec 31, 2021	Accrued interest on the note payable.
Oct 1, 2022	Paid the note payable at maturity.

1.	How much interest expense must be accrued at December 31, 2021? (Round your answer to the nearest whole dollar.)
2.	Determine the amount of Bart Sales' final payment on October 1, 2022.
3.	How much interest expense will Bart Sales report for 2021 and for 2022? (If needed, round your answer to the nearest whole dollar.)

	2021	2022
Interest expense