Answer:
Check the explanation
Step-by-step explanation:
Journal entries are as follows:-
Date Account Titles Debit Credit
Oct-01. 8% Note Receivable $35,000.00
Land $30,000.00
Gain on sale $5,000.00
(Sale of Land)
Dec-31 Interest Receivable $700.00
Interest Revenue $700.00
(Interest revenue on Note for 3 mon. recognized)
($35,000 * 8% *3/12 = $700)
Given:
Rita covered 1 mile in 15 minutes.
She covered 3 miles in 30 minutes.
To find:
The rate at which she is riding.
Solution:
Let y be the number of miles covered in x minutes.
Rita covered 1 mile in 15 minutes. So, the point is (15,1).
She covered 3 miles in 30 minutes. So, the point is (30,3).
Slope of the line:



Therefore, she is riding
miles per minute.