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Identify the Type of Adjustment Necessary (The Type of Item

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Essay

Identify the type of adjustment necessary (the type of item involved) and record the transaction for the event.Make sure to include the ending balances after adjustment.
On June 1, Carter Lights Corp.borrowed $38,000 from the bank by signing a promissory note from the bank, with 7% interest.The note is due in three months.Interest for June has been incurred but not yet recorded.The interest to accrue for June is $180.The June 30 adjustment is: Identify the type of adjustment necessary (the type of item involved) and record the transaction for the event.Make sure to include the ending balances after adjustment. On June 1, Carter Lights Corp.borrowed $38,000 from the bank by signing a promissory note from the bank, with 7% interest.The note is due in three months.Interest for June has been incurred but not yet recorded.The interest to accrue for June is $180.The June 30 adjustment is:


Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories on the unconscious mind and the development of psychotherapy.

Thorndike

An American psychologist known for his work on learning theory that led to the development of operant conditioning within behaviorism.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

Approach-Oriented

A term used to describe behaviors or attitudes that are directed towards achieving positive outcomes or engaging with positive stimuli.

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