Answer:
Option (B) is correct.
Explanation:
The Journal entry is as follows:
Interest expense A/c Dr. $625
Note payable A/c Dr. $1791.60
To cash $$2,416.60
(To record the first month’s payment on January 31, 2021)
Working notes:
Monthly interest expense:
= (Note payable × Interest rate per annum) ÷ 12 months
= ($125,000 × 6%) ÷ 12 months
= $625
Note payable = $2,416.60 - $625
= $1,791.60
Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.
<h3>Structures of Letter of Inquiry.</h3>
- The sender's address should be written at the beginning of the letter, followed by the receiver's address.
- The letter must contain all the elements of the enquiring item, including their quantities.
- There must be the date and address of the receiver included.
- The letter's subject must be written clearly before the letter's content.
- Ensure you provide the expected salutation at the beginning of the letter.
- Write clearly and straightforward.
- Provide reasons and inquiry descriptions.
- Add your signature, name, and designation at the end of the letter.
Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.
Learn more about Inquiry Letter here: brainly.com/question/4208084
Answer:
E. The Small business Administration
Explanation:
The small business administration is an agency that supports small business and entrepreneurs with setting up of their business. The small business administration helps with the provision of counseling to aid individuals trying to start and grow businesses.
Therefore Angela should meet the Small business Administration for financial and managerial assistance.
Answer:
Start up costs
Explanation:
By definition Startup costs "are the expenses incurred during the process of creating a new business". W can classified as pre start up costs and post start up costs.
For the pre start up costs we have for example research, borrowing costs, and expenses for technology and science.
For the post-opening startup costs we have advertising, promotion, and expenses related to the company.
So the best description for startp up costs is: "Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business."
