Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Short term memory or working memory
Explanation:
Woekin memory or short term memory refers to a limited-capacity store that not only retains information over the short term (maintenance), but also permits the performance of mental operations with the contents of this store (manipulation)
Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.
Explanation:
The interest payable = Principal x Rate x Time (period)
= $100,000 x 12% x 4/12 ( September to December)
$100,000 x 0.12 x 1/3
$100,000 x 0.04
=$4000
Journal entry to record accrued interest at Year end for loan issued on sept 1st.
Date Account titles Debit Credit
Dec 31st Interest Receivable $4000
Interest Revenue $4000
<span>B is the correct answer. When you spend money on a credit card you are creating a debt because you are spending money you don't actually have at that point in time.</span>
