Answer:
Today and in the 1970's inflation is very high
We are given,
60-day 10%, $4,500 note accepted by Hong Company from Indigo Company.
The journal entry needed to record the transaction by Indigo Company is cash payment or disbursement journal. This contains all transactions with payments and disbursements. This includes overdue accounts and accounts payable. <span />
<span>Despite the fact that
China's agriculture output is the biggest on the planet, just around 15% of its
total land zone can be used to cultivate. China's arable land, which makes
about 10% of the total arable land on the planet, supports more than 20% of the
total populace.</span>
The circular pie because it would equal to 153.94 and the rectangle only has most likely its longer side, so even if it was 11x12 it would only be 132. So therefore, the circular pie is correct.
