Answer:
Explanation:
The journal entry is shown below:
On June 1
Cash A/c Dr $99,000
To Notes payable A/c $99,000
(Being the amount borrowed is recorded)
For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done
All other information which is given is not relevant. Hence, ignored it
Answer:
Health insurance
Explanation:
The other insurances listed are all insurances paid out when you die.
Answer: banks statements and break down of property structures.
The person who receives financial protection from a life insurance plan is called a Beneficiary. The other side is the policy owner. he beneficiary is usually selected at the time of the policy inception by the owner of the contract.Beneficiary Order
, Beneficiary Changeability and Beneficiary Legal Type are the three types of Beneficiaries for Life Insurance.
I believe the answer is: Term insurance
Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.
