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Score: 2.5 of 5 pts 2 of 3 (2 complete) HW Score: 62.5%, 12.5 of 20 pts XxE8-23B (similar to) Question Help Barn Sales Company
Score: 2.5 of 5 pts 2 of 3 (2 complete) HW Score: 62.5%, 12.5 of 20 pts XxE8-23B (similar to) Question Help Barn 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, 2018? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2018 is $ 980 Requirement 2. Determine the amount of Barn Sales' final payment on October 1, 2019. The amount of Barn Sales' final payment on October 1, 2019 is $ 59,920. Requirement 3. How much interest expense will Barn Sales report for 2018 and for 2019? (If needed, round your answer to the nearest whole dollar.) The company will report interest expense of $ 980 in 2018 and $ in 2019. accrued at Pacambor 21 2012 Dound your answer to the nearest wbola dollar i X s $ More Info 2018 Oct 1 Purchased delivery truck costing $56,000 by issuing a one-year, 7% note payable. Accrued interest on the note payable. Dec 31 2019 Oct 1 Paid the note payable at maturity. Print Done
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