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A loan is where you ask for money and then pay it back later.
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.
It is TRUE that Anna would be well-advised to consider her
personal needs and values in the analysis, not only the bank’s features when
she’s
choosing a bank and a checking account.
Opening
a checking account might seem like a simple task. You just walk into a bank
near your home or office, fill out an application, hand over a deposit and
you're all set, right?
Not
quite.
<span>While
it is often that easy to open an account, it's not always that easy
to choose a
checking account. That's because banks, credit unions and other financial
companies offer a wide range of checking accounts with different features and
fees. Unless your banking needs are unusually basic, you should do some
research and shop around for an account that's right for you.</span>
I am hoping that this answer has
satisfied your query and it will be able to help you in your endeavor, and if
you would like, feel free to ask another question.
The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.
<h3>
What is Note Receivable ?</h3>
A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).
The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.
Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.
Learn more about Note Receivable on:
brainly.com/question/13781634
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