Answer: a. a credit to Accounts Payable.
Explanation:
When paying off a note, cash will be used so cash will have to be credited to show that it is decreasing.
Interest expense will be debited by the interest accumulated on the loan because expenses are debited when they increase.
Notes Payable will be debited to show that the note has now been retired.
There is no credit for Accounts payable involved in this transaction.
Gross Net Income ✌hope this helps because i just had to ask my business teacher on the phone
Answer:
C. Reducing deposits and reserves by $5 million.
Answer:
B. Resource markets provide the materials businesses need.
Explanation:
A resource market is where businesses buy materials they require for the production of other goods. They are markets for inputs of production. Resource market contrast finished goods markets where customers buy consumer goods and services.
Resource markets are where businesses obtain the factor of production. Land, labor, and capital are purchased from the resource markets.
