Answer:
c. debit to Interest Expense of $1,000.
Explanation:
The adjusting entry is as follows:
Interest expense Dr ($50,000 × 6% × 4 months ÷ 12 months) $1,000
To Interest payable $1,000
(Being the interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liabilities
Therefore the correct option is c.
Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.
Answer: It created a platform for small business owners to open online stores to meet the needs of consumers in Chinese speaking areas within and outside China.
Explanation: Taobao with over one billion listings,is owned and founded by Alibaba( a Chinese entrepreneur) in the year2003. Taobao is a market place for consumers of Products,it helps to create Opportunity for Businesses to market their products and services,this platform has helped to build the Chinese Economy empowering people and helping to improve creativity, It also helped Chinese entrepreneur to be accessible to the world over.
The three key reasons startups require funding are attorney fees, capital investments, and marketing research.
<h3>What is a Start-up?</h3>
A startup is a company that is still in its initial stage of operation. The initial stages of operation require significant investment in attorney fees, Capital investment, and marketing research.
In most cases, a startup is created by one or more entrepreneurs who have a vision or a goal to solve a business problem.
Learn more about Start-ups at:
brainly.com/question/25881160
