WIULUI nup Baker inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange Saker sogated to pay 5918.000 on 4/1/2019 to satisfy the obligation in full Baker accrued interest of $9.000 on the note in its 2018 year-end financial statements, what is impuedan interest rate? 0 28 6% 04% None of these answer choices are correct 1 points QUESTION 14 Brewer Inc is owed $200,000 by Carol Counder a 10% note with two years remaining to maturity. Due to financial difficulties Carol Codid not pay the prior year's interest. Brewer agrees to settle the receivable and accrued interest in exchange for a cash payment of $150,000. The journal entry that Brewer would make to record this transaction would include a loss on troubled debt restructuring of: O $70,000 O $20,000 O $50,000 9 $0 QUESTION 15 1 Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July. the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980, Outstanding checks totaled 5680 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is: O $2,550 $2,700