On November 1,Alan Company Signed a 120-Day,8% Note Payable,with a Face

question 71

Multiple Choice

On November 1,Alan Company signed a 120-day,8% note payable,with a face value of $9,000.Alan made the appropriate year-end accrual.What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.)

• A)Debit Notes Payable $9,000; debit Interest Payable $120; credit Cash $9,120.
• B)Debit Cash $9,240; credit Notes Payable $9,240.
• C)Debit Notes Payable $9,240; credit Interest Payable $120; credit Interest Expense $120; credit Cash $9,000.
• D)Debit Notes Payable $9,000; debit Interest Payable $120; debit Interest Expense $120; credit Cash $9,240.
• E)Debit Notes Payable $9,000; debit Interest Expense $240; credit Cash $9,240.

Recognize the role of geographic and demographic segmentation in marketing.

Distinguish between behavioral segmentation and other segmentation types.

Comprehend the importance and usage of digital footprints in social media.

Understand the impact of digital identity on personal and brand marketing.

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Definitions:

Continuing Rise

An ongoing increase or upward trend in a particular metric, such as price, value, or volume.

Recession

A decline in production, employment, and income.