Use the Following Information for Questions

question 15

Multiple Choice

Use the following information for questions:
Cartage Co.signed a $17,000, six-month note on October 1, 2011.Principal and interest are due at maturity.The interest rate is 6%.
-The total liability reflected on the December 31 balance sheet related to this note would be closest to?

• A)$17,000
• B)$17,085
• C)$17,255
• D)$18,020

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Definitions:

Reddish Color

A color hue that resembles the tint of blood or the primary color red mixed with slight amounts of white or yellow.

Silica

Silicon dioxide (SiO2), appearing either as a relatively pure form in a mineral (e.g., quartz) or as a component in more chemically complex minerals and rocks.

Cube-Shaped Crystals

Solids with an atomic structure that forms into a cube shape, commonly observed in minerals such as pyrite and halite.

Sulfide

A chemical compound that consists of sulfur and one or more elements, commonly found in ore minerals and as byproducts of industrial processes.