Use the Following Information for Questions

question 54

Short Answer

Use the following information for questions
On October 1, 2012, Carla's Carpet Service Limited borrows $80,000 from Regional Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month.
-The entry by Carla's Carpet Service to record payment of the loan and accrued interest on January 1, 2013 is

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Definitions:

Canadian Province

A primary administrative division within Canada, of which there are ten, each with its own local government.

Mentally Ill

A term used to describe individuals who are experiencing significant disturbances in their cognitive, emotional, or behavioral functioning.

Proper Places

Appropriate or designated locations or positions for particular people, items, or activities.

Antidepressant Medication

Drugs designed to improve symptoms of depression by altering neurotransmitter levels in the brain.