(3) On December 1 rent on the office building had been paid for four months. Monthly rent is $3,000.(4) Depreciation of office equipment is based on a lifetime of six years. The balance in the Office Equipment account is $7,200; no change has occurred in the account during the year.(5) Fees of $7,600 were earned during the month for clients who had paid in advance. What amount of interest expense has accrued on the bank loan?$2,400.$3,000.$4,200.$3,600.
Question 91 / 1 pointThe adjusting entry to record interest that has accrued on a note payable to the bank will cause an immediate:
Question 100 / 1 point