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Which of the following is usually not an accrued liability? Select one: a. Interest payable b. Notes payable c. Taxes payable d. Wages payable South
Which of the following is usually not an accrued liability?
Select one:
a. Interest payable
b. Notes payable
c. Taxes payable
d. Wages payable
South Company borrows $88,500 on September1, 2019, from State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2019?
Select one:
a. $10,620
b. $2,655.
c. $4,425.
d. $3,540.
Becky Company has total sales of $4,515. If the sales include taxes of 5%, the amount to be credited to Sales Revenue is:
Select one:
a. $4,289.25.
b. No correct answer given
c. $4,000.
d. $4,300.
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