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
Answer: collaboration cause i just took the test
Explanation: ur welcome
A high school diploma helps a student get a chance for better opportunities for a student such as going to college, going into the military and training for a better job.
Answer:
Explanation:
recession
[rəˈseSH(ə)n]
NOUN
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
synonyms:
economic decline · downturn · depression · slump · slowdown · trough · credit crunch · credit squeeze · stagnation · stagflation · hard times · bust
astronomy
the action of receding; motion away from an observer.
