Your "gross monthly income" is the amount you make BEFORE they take out any deductions.
Your "gross monthly income" is the amount you make AFTER they take out any deductions.
Answer: A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.
Explanation: mark me brainly please
Answer and Explanation:
Journal entry to record the issuance of the bonds.
A.
Jan 1
Dr cash $500,000
Cr bonds payable $500,000
B. Journal entry to record the accrual of the interest
Dec 31 2020
Dr Interest expense $25,000
Cr Interest Payable $25,000
C. Journal entry to record the payment of interest on January 1, 2021.
Dr Interest expense $25,000
Cr Cash $25,0000
Interest expense $500,000×10%×1/2=$25,000
Answer:
The correct answer is C
Explanation:
Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.
In short, when depositing the money into any financial institution like banks, then this states the store of value function of the money.
Therefore, the one which is not the function of money is that it has the operations in the open market.
Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
