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Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open...

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Accounting

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Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open their business, MK's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. Determine the cash paid for interest in 2017. Do not enter a dollar sign or any commas. Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open their business, MK's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. Determine the cash that Candy Company must pay on January 1, 2018. Do not enter a dollar sign or any commas. 17 0/14 F Company receives $600 from a customer on April 1. In return F Company will provide security services for 6 months starting in April. Fwill provide the same amount of services each month. How much revenue should F Company record for the month of April ? Do not enter a dollar sign or any commas. O 18 0/19 F Company receives $600 from a customer on April 1. In return F Company will provide security services for 6 months starting in April. Fwill provide the same amount of services each month. How much revenue should F Company record for the period April 1 to June 302 Do not enter a dollar sign or any commas. -600

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