On October 1, Sam's Painting Service Borrows $100,000 from National

question 72

Multiple Choice

On October 1, Sam's Painting Service borrows $100,000 from National Bank on a 3-month, $100,000, 4% note. The entry by Sam's Painting Service to record payment of the note and accrued interest on January 1 is

• A) Notes Payable 101,000 Cash 101,000
• B) Notes Payable 100,000 Interest Payable 1,000
• Cash 101,000
• C) Notes Payable 100,000 Interest Payable 4,000
• Cash 104,000
• D) Notes Payable 100,000 Interest Expense 1,000
• Cash 101,000

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Definitions:

Persuasion Routes

In psychology, refers to the different ways in which individuals can be persuaded, notably divided into the central route and peripheral route as per the Elaboration Likelihood Model.

Fear Appeals

A persuasive message that attempts to arouse fear in order to divert behavior through the threat of harmful consequences.

Tobacco Labelling

Regulations and practices related to the information provided on tobacco product packaging, including health warnings and ingredients.

Elaboration Likelihood Model

A theory in psychology that explains different ways of processing stimuli, why they are used, and their outcomes on attitude change.