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QveST [7]
3 years ago
12

What is the name of the economic system where the government regulates the prices and the supply of the goods?

Business
1 answer:
ArbitrLikvidat [17]3 years ago
8 0
Command economy. Hope this helped, have a great day! :D
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The answer is b.Cash ,000 Notes Payable ,000

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The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

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Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

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