Use the following information to answer questions 13 and 14. Jackson Textiles owed $15,000 to Huang Manufacturing on open account on October 1, 2020, Huang agreed to convert Jackson's account to a note, payable on November 30 with interest at the rate of 8 percent Jackson's fiscal year ends on October 31 13 of 24 Marks The amount payable by Huang Manufacturing on November 30 equals: OA $15,000 OB $16.200 OC. $15,200 OD. $15,100 Unsure Mar The interest expense that should be included in the journal entry on November 30 equals O A $1,200 OB $100. OC. $200 OD Zero because the company accounts for interest expense only at the end of the fiscal year. 2 Mar A company offered a cash rebate of 10% on each of the 600,000 packages of batteries it sold during 2020. The price per package was $4. Historically, the company receives rebate forms for 50% of the packages they sell. During 2020, the company paid $51,000 in rebates to customers. Consequently, the Rebate Expense and Liability for Rebates that would be reported on the financial statements for 2020 are: Rebate Expense Liability for Rebates O A $120,000 OB 240,000 $ 69,000 189,000 549,000 69,000 OC. 600,000 OD 240,000 Nance Company estimates that its annual warranty expense is 4% of net sales. The following information relate to calendar year 2020. $1,500,000 Net sales: Unadjusted balance of Provision for Product Warranty: 10,000 Debit The adjusted ending balance of Provision for Product Warranty should be: O A $60,000 OB. $70,000 OC. $50,000 OD. Some other amount that depends on the cost of repairs in 2020 under the warranty