A $6,000, 60-Day, 12% Note Recorded on November 21 Is

question 155

Multiple Choice

A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this event is

• A) debit Cash, $6,120; credit Notes Receivable, $6,120
• B) debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Receivable, $120
• C) debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060
• D) debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Revenue, $120

Recognize the importance of the recovery phase and the actions required to support it.

Identify the members and roles of a crisis team.

Distinguish between policies and procedures in the context of organizational readiness.

Acknowledge how school personnel can contribute to a positive school climate.

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Definitions:

Greatest Force

The maximum strength or impact of a physical action or phenomenon.

Pennate

Pennate muscles are a type of skeletal muscle arrangement where the fibers are oriented at an angle to the line of action, allowing for greater force production than parallel muscles.

Transversus Abdominis

A muscle layer of the anterior and lateral abdominal wall which is deep to (beneath) the internal oblique muscle.

Rectus Abdominis

A long, flat muscle that extends along the front of the abdomen, responsible for flexing the lumbar spine and stabilizing the core.