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myrzilka [38]
2 years ago
8

On January 1, Year 1, Burrows, Inc. received $8,900 and agreed to pay $10,000 on January 1, Year 3. The market rate of interest

is 6% compounded annually. Assuming Notes Payable includes the accrued interest through year-end December 31, Year 2, the journal entry to record the payment of this note on January 1, Year 3 includes a ______.
Business
1 answer:
Snezhnost [94]2 years ago
4 0

Answer:

The correct journal entries should be:

January 1, Year 3

Dr Notes Payable account 10,000

Cr Cash account 10,000

Explanation:

Since Cash account is an asset, it should be credited when it decreases.

Since Notes Payable account is a liability, it should be debited when it decreases.

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Answer:

Opportunity cost is giving up the working at Mc Donald's

Explanation:

Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.

In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.

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3 years ago
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The proper way to address a complaint call is to follow up by giving a letter stating the explanation apologies, excuses shall not be mentioned and assurance should be provided that such action would not be taken in future.

                 

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mario62 [17]

Answer:

The correct answer is d. use both personal selling and advertising.

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Explanation:

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