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Anton [14]
3 years ago
14

12-month bank loan in the amount of $45,000 had been obtained by the country club on November 1. Interest is computed at an annu

al rate of 8 percent. The entire $45,000, plus all of the interest accrued over the 12-month life of the loan, is due in full on October 31 of the upcoming year. The necessary adjusting entry was made on November 30 to record the first month of accrued interest expense. However, no adjustment has been made to record interest expense accrued in December.

Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

Debit: $300

Credit: $300

Explanation:

See attached picture for explanation.

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Today we see a very low unemployment rate with a controlled and acceptable inflation rate. Which of the following statements cou
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Answer:

A. All of these 3 other possible answers that are listed here are true reasons.

Explanation:

If we are to use wage the rate of change in wages or inflation, as a proxy for inflation in the economy, when there is unemployment, the number of persons searching for work is significantly greater than the number of jobs available for the people who are unemployed. What we mean is, the supply of labor is greater than the demand for it.

With the availability of many workers, there's little need for employers to "bid" for the services of employees by paying them good wages.

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D.) I think I hope I helped
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3 years ago
When a company uses the allowance method to measure bad​ debts, ________.
Phoenix [80]
<span>When a company uses the allowance method to measure bad​ debts, </span><span>the amount of bad debts expense is estimated at the end of the accounting period. 

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Baldwin's Traditional product Basket finished 2019 with an awareness of 72%. One-third of Basket's existing awareness is lost ev
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Answer:

they should spend $2 in promotions

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Baldwin's Traditional product Basket will lose 1/3 of its 2019 awareness (72%), which will result in only a 48% during 2020. If the product manager wishes to end 2020 with a 92% awareness, they must spend in promotion enough money to raise awareness by 44%.

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