Answer: See explanation
Explanation:
a. The Journal entries to record the issuance of the note will be:
Debit Accounts payable $10000
Credit Notes payable $10000
(To record the issuance of note to creditor)
b. The journal entry to record thehe payment of the note at maturity, including interest will be:
Debit Notes payable $10000
Debit Interest expense $125
Credit Cash $10000 + $125 = $10125
(To record the payment on the note on maturity.
Note:
Interest expense = $10000 × 5% × 90/360
= $10000 × 0.05 × 0.25
= $125
Answer: A. The agency will publicize the law to directly affected citizens.
Explanation:
<span>According to the law of demand when price of a good or service goes up the quantity demand will go down. Every increase in price will result in lower demand for the product.</span>
True! :) hope this helps correct me if I’m wrong anyone
