A Company Makes a Payment of $5,000 on a Long-Term

question 19

Multiple Choice

A company makes a payment of $5,000 on a long-term note payable.The journal the transaction would be recorded in is the.

• A)Cash disbursements journal.
• B)Sales journal.
• C)Cash receipts journal.
• D)Purchases journal.
• E)General journal.

Grasp the role of audience analysis and feedback incorporation in document preparation.

Identify techniques for idea generation and organization within the writing process.

Understand the importance of sentence structuring, including the use of parallel structures and avoiding jargon, to enhance readability.

Distinguish between good business writing and traditional academic writing in terms of style and presentation.

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Definitions:

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate under the laws of inheritance.

Deceased

A term used to describe a person who has died.

Stop-Payment Order

A request made to a bank to cancel a cheque that has not been processed yet.

Reasonable Opportunity

An equitable standard ensuring individuals have a fair chance to take action or defend themselves within a certain timeframe or under certain conditions.