Use the Following Information for Questions

question 36

Short Answer

Use the following information for questions
On January 1 of this year, Gertoni Lenders agrees to lend Ester Corp.$150,000.Ester Corp.signs a $150,000, 6%, 9-month loan.Interest is due at maturity.
-What entry will Ester Corp.make to repay the loan on September 30, assuming no further adjusting entries have been made since June 30?

Understand the nature vs. nurture debate and its implications for human development.

Comprehend the steps of the scientific method in the context of developmental psychology research.

Recognize the importance of replication in scientific research.

Grasp the concept of epigenetics and its role in development.

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Definitions:

Long-Term Investments-AFS

Available-for-Sale Long-term Investments are financial assets not classified as trading or held-to-maturity investments, valued at fair market prices with gains or losses reported in other comprehensive income.

Trading Securities

Financial instruments such as shares, bonds, or other securities that are purchased with the intention of selling them in the short term to profit from price fluctuations.

Debt Securities

Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.

Available-for-Sale Securities

Financial assets that a company intends to sell within a short period but can hold onto for an indefinite period, classified as neither held for trading nor held to maturity.