The Home Was Sold on July 18

question 17

Multiple Choice

The home was sold on July 18. The next payment date is August 1. The buyer agreed to assume the seller's 6% loan which has a balance of $36,800 as of July 1. Interest on this loan would be prorated as

• A) debit buyer $77.16 and credit seller $106.84.
• B) debit seller $77.16 and credit buyer $106.84.
• C) credit seller $106.84 and charge buyer $106.84.
• D) credit buyer $106.84 and charge seller $106.84.

---

Definitions:

Filum Terminale

A fibrous tissue extension of the conus medullaris of the spinal cord, anchoring it within the vertebral canal.

Conus Medullaris

The tapered, lower end of the spinal cord which typically ends at the first or second lumbar vertebra, marking the transition from spinal cord to cauda equina.

Lateral Funiculus

A bundle of nerve fibers along the lateral side of the spinal cord, important in sensory and motor function.

Central Canal

A fluid-filled channel in the center of the spinal cord and the brain's ventricular system, carrying cerebrospinal fluid.