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considerations, how should these amounts be treated for
accounting purposes?

18) Slack Inc. borrowed $320,000 on April 1. The note requires
interest at 12% and principal to be paid in one year. How much
interest is recognized for the period from April 1 to December
31?

19) Venible newspapers sold 6,000 of annual subscriptions at
$125 each on June 1. How much unearned revenue will exist as
of December 31?

20) Hanson Co. had 200,000 shares of common stock, 20,000
shares of convertible preferred stock, and $1,000,000 of 5%
convertible bonds outstanding during 2015. The preferred stock