OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for the amount of $5.0 million. Interest is payable at maturity. Required:Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in dollars, not in millions (i. e. 5 should be entered as 5,000,000).)Find the interest expense:interest rate fiscal year-end interest expense12% december 31 =10% September 30 =9% october 31 =6% january 31 =

The answers are given below

Explanation:

December 31 has interest rate = 12 % Interest expense will be:

= 5 000 000 × (12/100) × (6 /12)

= 5 000 000 × 0.12 × 0.5

= $ 300,000

September 30 has interest rate = 10 % Interest expense will be:

= 5 000 000 × (10/100) × (3/12)

= 5 000 000 × 0.10 × 0.25

= $ 125,000

October 30 has interest rate = 9% Interest expense will be:

= 5 000 000 × (9/100) × (4/12)

= 5 000 000 × 0.09 × 0.33

= $ 150,000

January 31 has interest rate = 6% Interest expense will be:

= 5 000 000 × (6/100) × (7/12)

= 5 000 000 × 0.06 × 0.583

= $ 175,000

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.