Parks Company Receives a $15,000, 3-Month, 8% Promissory Note from Todd

question 40

Short Answer

Parks Company receives a $15,000, 3-month, 8% promissory note from Todd Company in settlement of an open accounts receivable. What entry will Parks Company make upon receiving the note?

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Definitions:

Differential Reinforcement

A process of reinforcing specific behaviors while withholding reinforcement for other, less desirable behaviors.

DRL

Differential Reinforcement of Low Rates, a behavioral technique used to decrease the frequency of a behavior but not necessarily eliminate it.

Differential Reinforcement

A technique in behavior analysis and modification that reinforces specific behaviors while withholding reinforcement for other behaviors.

DRL

Differential Reinforcement of Low Rates, a behavior modification technique aimed at reducing undesirable behaviors by rewarding lower frequencies of those behaviors.