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
There are two important responsibilities that are only for U.S. citizens: to vote in federal elections and to serve on a jury. ... By voting, citizens are participating in the democratic process. Citizens vote for leaders to represent them and their ideas, and the leaders support the citizens' interests.
A. With too many elders, the population would be without necessary amount of labor to supply the needs. Encouraging women to work and raise children, the government would obviously have more wealth because women would be working and they would also have a plan for the future, which are the children, that in whitin a while would have the appropriate age to work and be in the market.