The Entry to Record the Issuance of a Check in Settlement

question 61

Multiple Choice

The entry to record the issuance of a check in settlement of an interest-bearing promissory note of $4,000 and the interest owed on the note of $100,would be to:

• A) debit Interest Expense $100,debit Notes Payable $4,000 and credit Cash $4,100.
• B) debit Cash $4,100,credit Notes Payable $4,000 and credit Cash $100.
• C) debit Notes Payable $4,100 and credit Cash $4,100.
• D) debit Accounts Payable $4,000,debit Interest Expense $100 and credit Cash $4,100.

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Definitions:

Behavioral Changes

Modifications in an individual's actions or reactions.

Personality Style

The characteristic way in which an individual perceives, relates to, and thinks about the environment and oneself, often reflecting individual variations in behavior and emotional patterns.

Biofeedback Training

A technique that teaches individuals how to improve their health by controlling certain bodily processes that normally occur involuntarily, such as heart rate or muscle tension.

Electrical Signals

Impulses of electrical charge that transmit information within neurons and across neuronal connections in the body and brain.