On October 1,2018,Saddleback,Inc

question 39

Multiple Choice

On October 1,2018,Saddleback,Inc.negotiates with its bank to borrow $18,000 cash on a one-year note.The bank charges 5% interest.Interest payments are to be made in two installments,on March 31 and September 30.The principal is to be repaid on September 30,2019,the maturity date.What adjusting entry needs to be recorded of December 31,2018?

• A)Debit Interest Expense and credit Interest Payable for $450.
• B)Debit Interest Expense and credit Interest Payable for $225.
• C)Debit Interest Expense and credit Interest Payable for $900.
• D)Debit Interest Payable and credit Interest Expense for $900.

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Definitions:

Pre-Justinianic Byzantine Art

Art from the early Byzantine Empire before the reign of Emperor Justinian I, characterized by Christian religious concepts and Hellenistic influences.

Hagia Sophia

An architectural masterpiece originally built as a Christian cathedral in Constantinople (modern-day Istanbul, Turkey) and later converted into a mosque, now a museum.

Obelisk of Theodosius

An ancient Egyptian obelisk erected at the Hippodrome of Constantinople by the Roman emperor Theodosius I in the 4th century AD.

Hagia Sophia

A historic architectural marvel in Istanbul, Turkey, originally built as a Christian cathedral, then converted into a mosque, and now a museum, exemplifying Byzantine architecture.