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Do It! Review 8-1a Your answer is incorrect. Try again. You and several classmates are...

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Do It! Review 8-1a Your answer is incorrect. Try again. You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: 1. Ir cash is borrowed on a $64,800, 9-month, 10% note on August 1, how much interest expense would be incurred by December 31? 2. The cash register total including sales taxes is $46,095, and the sales tax rate is 5%, what is the sales taxes payable? 3. If $46,095 is collected in advance on November 1 for S-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? 2,50 14,00 LINK TO TEXT Question Attempts: 1 of 10 used

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