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On November 1, 2021. New Morning Bakery signed a $190.000. 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? (Do not round your Intermediate calculations.) Multiple Choice $195,700. O $194750 0 $190,950 O $190.000 The Pita Pit borrowed $201.000 on November 1, 2021. and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022 In connection with this note. The Pita Pit should report interest expense at December 31, 2021, in the amount of: (Do not round your Intermediate calculations.) Multiple Choice $4.020. O O O $12060 O $24.120 O SO Universal Travel, Inc. borrowed $509.000 on November 1, 2021, and signed a twelve- month note bearing interest at 6%. Principal and interest are payable in full at maturity on October 31, 2022. In connection with this note. Universal Travel, Inc. should report interest payable at December 31, 2021, in the amount of: (Do not round your Intermediate calculations.) Multiple Choice $5,090 O $7,635 O $25,450 $30,540. On November 1, Vacation Destinations borrows $1.44 million and issues a six-month. 8% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Do not round Intermediate calculations. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the issuance of the notes. Note: Enter debits before credits. Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the adjusting for interest. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal

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