(a) The company holds a 60-day note dated December 21, 20xx. The note has a face value of 15,000 and carries a interest at 90%.

Interest Expense 56.25
Interest Payable 56.25

(b) The subscriptions income account shows a credit balance of 112,000, representing subscriptions to eight issues of a company publication. Five issues have been delivered in 20xx.

See this thread: https://www.askmehelpdesk.com/showthread.php?t=22279


You have already asked these questions there. I have also replied to them.