Your answer is incorrect. You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Round answers to 0 decimal places, e.g. $62,482.) If cash is borrowed on a $63, 300, 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 $43,365, and the sales tax rate is 5%. What is the sales taxes payable? If $43,365 is collected in advance on November 1 for 8-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31