The Entry to Record an Installment Payment on a Long-Term

question 82

Multiple Choice

The entry to record an installment payment on a long-term note payable is

• A) Mortgage Payable Cash
• B) Interest Expense Cash
• C) Mortgage Payable Interest Expense
• Cash
• D) Bonds Payable Cash

---

Definitions:

Biologically Magnified

Refers to the process by which toxic substances become more concentrated in organisms at higher levels of the food chain.

Pest

An organism that is considered troublesome or harmful to humans, their endeavors, such as agriculture, or to natural ecosystems.

Subjective

Pertaining to or influenced by personal feelings, tastes, or opinions, as opposed to objective, which is fact-based and unbiased.

Spiders

Arachnids characterized by their eight legs, chelicerae with fangs that inject venom, and the ability to spin webs.