Answer:
Prepare journal entries for the transactions noted above. 
 
        
             
        
        
        
Answer:
Utilitarianism.
Explanation:
Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.
 
        
             
        
        
        
Answer:
The journal entries are as follows:
(a) Accounts receivables [$2,200 - 2%] A/c Dr. $2,156
              To Sales revenue                                              $2,156
(To record the sale) 
(b) Cost of Goods Sold A/c Dr. $1,200
           To inventory                                $1,200
(To record the cost of goods sold)
(c) Cash A/c Dr. $2,156
        To Accounts receivables  $2,156
(To record payment within discount term)
 
        
             
        
        
        
The transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.
Under the statement of Cash-flow, the financing activities section records all transactions that involves long-term liabilities, owner's equity etc.
- Hence, the transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.
Therefore, the Option C is correct.
Read more about Cash-flow
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