You should’ve stayed .. were you goin through sum at the time ??? txt her now !!
Answer: See explanation
Explanation:
a. The Journal entries to record the issuance of the note will be:
Debit Accounts payable $10000
Credit Notes payable $10000
(To record the issuance of note to creditor)
b. The journal entry to record thehe payment of the note at maturity, including interest will be:
Debit Notes payable $10000
Debit Interest expense $125
Credit Cash $10000 + $125 = $10125
(To record the payment on the note on maturity.
Note:
Interest expense = $10000 × 5% × 90/360
= $10000 × 0.05 × 0.25
= $125
The economic crisis in most of the European countries was one of the primary reasons for migration in European countries.
Explanation:
Earlier after the end of second world war, many people migrated from country side to developed countries in search for work, with the intend to get a better life. Many unskilled labors got job in developed countries after this world war.
But when countries started facing economic crisis many workers started migrating to their home countries. There was land shortage and job shortage at this time. Farmers faced crop failure
Another cause of this migration was civil war that took place in Spain.
Most people migrated to seek religious, political and personal freedom.
This migration was also impacted by global conflicts also.
