A Five-Year, 4%, $102,000 Note Payable Is Issued on January

question 4

Multiple Choice

A five-year, 4%, $102,000 note payable is issued on January 1.Terms include equal annual instalment payments of $22,912.The entry to record the first instalment payment will include a

• A)debit to Notes Payable of $18,832.
• B)credit to Interest Expense of $4,080.
• C)credit to Notes Payable of $22,912.
• D)debit to Cash of $22,912.

---

Definitions:

Biological Treatments

Medical interventions aimed at treating psychological disorders by influencing the body's chemical or biological state.

Psychological Treatments

Therapeutic interventions aimed at addressing mental health issues through counseling, behavioral modification techniques, and other psychological methods.

Nobel Prize

Prestigious international awards given annually in several categories including Peace, Literature, and various sciences, for outstanding contributions in their fields.

Lobotomy Procedure

A medical procedure that entails cutting the connections in the prefrontal region of the brain, once commonly performed to manage mental disorders.