On November 19,Nicholson Company Receives a $15,000,60-Day,8% Note from a Customer

question 128

Multiple Choice

On November 19,Nicholson Company receives a $15,000,60-day,8% note from a customer as payment on account.What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.)

• A)Debit Interest Receivable $1,200; credit Interest Revenue $1,200.
• B)Debit Interest Receivable $140; credit Interest Revenue $140.
• C)Debit Notes Receivable $140; credit Interest Revenue $140.
• D)Debit Notes Receivable $140; credit Interest Receivable $140.
• E)Debit Interest Revenue $200; credit Interest Receivable $200.

Understand the transition from descriptive to inferential statistics through the concept of normal distributions.

Recognize the significance of the standard normal distribution and its characteristics.

Understand the role of HRM practices in achieving high organizational performance.

Identify and analyze the components of effective job design for employee empowerment.