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Journalize the following transactions for the Scott Company:
November 4 Received a $6,500, 90-day, 6% note from Michael Tim's in payment of his account. December 31 Accrued interest on the Tim's note.
February 2 Received the amount due from Tim's on his note.
Existential
Pertaining to existentialism, a philosophy that emphasizes individual freedom, choice, and existence.
Cognitive
Relating to mental processes such as awareness, perception, reasoning, and judgement.
Trait
A stable characteristic or quality that defines an individual's personality and influences behavior.
Cognitive Psychology
The study of mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."
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