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Question 26 4.75 pts The Highest Cost Contractors, Inc, took out an installment loan on 11/1 in the amount of $12.000 for 62 months with

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Question 26 4.75 pts The Highest Cost Contractors, Inc, took out an installment loan on 11/1 in the amount of $12.000 for 62 months with an annual interest rate of 4%. On 11/30, when Highest Cost Contractors makes their first monthly payment (including principal and interest), what amount will be recorded into the interest expense account? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Question 27 4.75 pts On November 1st. Secure Home Security Systems has a beginning balance of sh.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring services to the client over the next 5 months. What is the balance in the deferred revenue account on December 31st after the required adjusting entry? Fill in the blank with your calculated number. DO NOT include commas. S signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123. you would only input: 24123

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