On October 1, 2010, Billy's Beach Umbrellas Borrowed $2, 000 $\begin{array}{cc}\text { Interest Payable } & 120 \\\text { Cash } & 120\end{array}$

question 2

Multiple Choice

On October 1, 2010, Billy's Beach Umbrellas borrowed $2, 000 on a 12%, one-year note payable.Interest was payable semiannually.A correct adjusting entry was made on December 31, 2010, and a correct reversing entry was made on January 1, 2011.The entry that should be made on March 31, 2011, is

• A)
• \(\begin{array}{cc}
• \text { Interest Payable } & 120 \\
• \text { Cash } & 120
• \end{array}\)
• B)
• \(\begin{array}{cc}
• \text { Interest Expense } & 60 \\
• \text { Interest Payable } & 60 \\
• \text { Cash } & 120
• \end{array}\)
• C)
• \(\begin{array}{cl}
• \text { Interest Expense } & 60 \\
• \text { Cash } & 60
• \end{array}\)
• D)
• \(\begin{array}{cc}
• \text { Interest Expense } & 120 \\
• \text { Cash } & 120
• \end{array}\)

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Definitions:

Assertively

Expressing one's self with confidence and directness while respecting others' opinions and needs.

Therapeutic Communication

Techniques used by healthcare providers to support the patient's mental and emotional well-being, facilitating effective information exchange and relationship building.

Active Listening

The process of fully concentrating, understanding, responding, and remembering what is being said.

Giving Approval

The act of formally agreeing to or endorsing a plan, action, or idea.