On August 1, a Firm Assigned $20,000 of Its $56,000

question 19

Multiple Choice

On August 1, a firm assigned $20,000 of its $56,000 of accounts receivable. The finance company advanced 90% of the assigned accounts less a $2,000 fee. Interest is 12% and payable monthly on the beginning-of-period loan balance. A loan payment is remitted at the end of each month. Each payment includes principal and interest. The amount of each loan payment equals the cash collected on receivables during the month plus interest on the loan balance.
If $8,000 was collected on accounts receivable during August, the entry for the first loan payment would include a

• A) debit to Interest Expense of $180.
• B) credit to Cash of $8,000.
• C) credit to Account Receivable Assigned of $8,000.
• D) debit to Notes Payable of $8,180.

Recognize the significance of pulse assessment and its indications regarding vascular health.

Understand and accurately document different types of edema in pregnant patients.

Identify and describe conditions causing lower extremity discomfort and visible changes in pregnant women.

Recognize the significance and implications of nonpitting, hard edema.

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The act of leaving someone out or denying them access to a group or an activity, often leading to feelings of isolation or rejection.

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The process of gaining insight into one's own character, feelings, and motives, often leading to a deeper understanding of oneself.

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An individual who travels and investigates unknown territories or areas of knowledge.

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The phenomenon of excluding or ignoring individuals through digital means, such as social media or online platforms.