If Your Customer Does Not Pay the Note at Maturity,the

question 53

Multiple Choice

If your customer does not pay the note at maturity,the journal entry on your books would be:

• A)debit Notes Payable and credit Accounts Payable.
• B)debit Accounts Payable,credit Interest Income and credit Notes Payable.
• C)debit Accounts Receivable,credit Interest Income and credit Notes Receivable.
• D)debit Notes Receivable,credit Interest Income,and credit Accounts Receivable.

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Definitions:

Political Scientists

Scholars who study the theory and practice of politics, governmental structure, and the analysis of political activity and behavior.

Constitutional Means

Methods and techniques established within the framework of a constitution to achieve political, legal, or governmental objectives.

Ideal Of Pluralism

The belief or doctrine that a society should accommodate and embrace a diversity of cultural, religious, and ethnic backgrounds within its political and social institutions.

Governmental Influence

The extent to which government actions or policies affect the decisions and actions of individuals or organizations.