On December 9, A issues a 60-day promissory note to B. The December 31 adjusting entry for A is
a. Interest Payable – Debit; Cash – Credit
b. Interest Receivable – Debit; Interest Income – Credit
c. Interest Expense – Debit; Cash – Credit
d. Interest Expense – Debit; Interest Payable – Credit
D
You might also like to view...
The United Nations Development Program's human-needs approach includes the reduction of __________, as that also means less illiteracy, less malnutrition, less disease and early death, and a shift from agricultural to industrial production or service-based economic activity.
Fill in the blank(s) with the appropriate word(s).
Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given below:
What is the total cost of Job 12?
A) $2470
B) $1990
C) $1370
D) $1580
Parables and proverbs deal with truths simply and concretely and teach the listener a lesson
Indicate whether the statement is true or false.
Which of the following statements is true about global demand management?
a. Local suppliers provide the buying firms greater flexibility in responding to demand fluctuations. b. Global suppliers provide the buying firms greater flexibility in responding to demand fluctuations. c. There is no difference between local suppliers and global suppliers in responding to demand fluctuations. d. none of these