On October 1 Eli's Carpet Service Borrows $125000 from First $\begin{array}{lrr} \text { Interest Payable } &2,500\\ \text { Interest Expense } &&2,500\\\end{array}$

question 11

Short Answer

On October 1 Eli's Carpet Service borrows $125000 from First District Bank on a 3-month $125000 8% note. What entry must Eli's Carpet Service make on December 31 before financial statements are prepared?
a.
$\begin{array}{lrr} \text { Interest Payable } &2,500\\ \text { Interest Expense } &&2,500\\\end{array}$

b.
$\begin{array}{lrr} \text { Interest Expense } &10,000\\ \text {Interest Payable } &&10,000\\\end{array}$

c.
$\begin{array}{lrr} \text { Interest Expense } &2,500\\ \text { Interest Payable } &&2,500\\\end{array}$

d.
$\begin{array}{lrr} \text { Interest Expense } &2,500\\ \text { Notes Payable } &&2,500\\\end{array}$

Identify the effectiveness and psychological bases of humor as a coping mechanism.

Define catastrophic thinking and its effects on emotional well-being.

Recognize the subjective nature of stress experience.

Describe techniques and therapies for altering irrational thinking patterns to manage stress.

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Definitions:

Articulation

The clear and effective expression or explanation of ideas, often related to the communication process.

Emotional Processes

Refers to the mechanisms by which individuals experience, express, and manage their emotions.

Rational Processes

Refers to analytical, logical methods or procedures employed in decision making or problem solving.

Charismatic Leadership

A leadership style where the leader inspires enthusiasm, devotion, and strong loyalty in followers through personal charm and persuasive communication.