Question Halp E9-24A (similar to) Assume that Barn Sles Company flowing payable

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Question Halp E9-24A (similar to) Assume that Barn Sles Company flowing payable tvsadrw Puchased delverytrick costrg$60.000 by nung a oneyew, 10% note payable Accrued interest on the note payable Dec 31 2017 Paid the note payable at maburity Read the requirements Requirement 1. How Nh nerest expense mst be·ccrued . December 31, 2016?(Round your .rww-tothe reaest woke dole) The rterest esperwe Krved December 31, 2016is Requirements 1 How much interest experse mual be acorued at December 31, 20(Round you answer to the nearent whole dolar 3. How much inerest expense will 8am Sales eport for 2016 and for 2017? Print Done Enter any number in the edit felds and then click Check Answer Cear All Check Arnewer

Explanation / Answer

1) interest expense accrued at dec 31 60,000*10%*6/12 3000 2) final payment Notes payable 60,000 interest payable 3,000 interest expense 3,000 final payment 66,000 4) interest expense for 2016 3,000 interest expense for 2017 3,000

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