Answer:
will, real economic growth is positive in the long run.
Lower; creditors to debtors.
Explanation:
Theory of money is the economical view that the inflation is dependent on the money supply in the country. When the money supply is higher then inflation will be lowered and purchasing power of the consumer will be high. When inflation is set to a minimum possible rate then real economic growth will be positive in the long run and negative in the short run.
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The journal entries are given below:
- For recording the accrued interest:
On Dec. 31
Interest Receivable $240
To Interest Revenue $240
(To record the accrued interest)
- For recording the receipts from the borrower
On Feb 1
Cash $9,920
To Interest Receivables $240
To Interest Revenue $80
To Notes Receivables $9,600
(To record the amount received from the borrower)
In this way, the journal entry should be prepared.
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Answer: now I know my abc's
Explanation:next time won't you sing with me
