You and several classmates are studying for the next accounting examination. They ask you to answer the following questions 1. 2250 2 22050 If cash is borrowed on a $54.000, 11-month, 10% note on August 1, how much interest expense would be incurred by December 31? The cash register total including sales taxes is $44.100, and the sales tax rate is 5%. What is the sales taxes payable? If $44.100 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 313 3. 17622