Cran Sales Company completed the following note payable transactions: i (Click the icon to view...
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Cran Sales Company completed the following note payable transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2018? (Round your answer to the nearest whole dollar.) The interest expense accrued at December 31, 2018 is $ Requirement 2. Determine the amount of Cran Sales' final payment on April 1, 2019. The amount of Cran Sales' final payment on April 1, 2019 is $ Requirement 3. How much interest expense will Cran Sales report for 2018 and for 2019? (If needed, round your answer to the nearest whole dollar.) The company will report interest expense of $ in 2018 and $ in 2019 More info 2018 Apr 1 Purchased delivery truck costing $53,000 by issuing a one-year, 8% note payable. Accrued interest on the note payable. Dec 31 2019 Apr 1 Paid the note payable at maturity
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