JBL Company sends a $2,500 bill to a customer for services it provided during the month. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
What will be an ideal response?
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Jones Company has long-term debt of $1,000,000, while Smith Company, Jones' competitor, has long-term debt of $200,000 . Which of the following statements best represents an analysis of the long-term debt position of these two firms?
a. Smith Company's times interest earned should be lower than Jones. b. Jones obviously has too much debt when compared to its competitor. c. Jones should sell more stock and use less debt. d. Smith has five times better long-term borrowing ability than Jones. e. Not enough information to determine if any of the answers are correct.
Personal and real defenses are valid against an ordinary holder, only real defenses can be used against a holder in due course
a. True b. False Indicate whether the statement is true or false
A person can reproduce copyrighted material for purposes such as teaching, including multiple copies for classroom use, without paying royalties.
Answer the following statement true (T) or false (F)
The government-to-citizens (G2C) category includes all of the interactions between a government and its citizens that can take place electronically
Indicate whether the statement is true or false