Indicate how each of the following would be reflected in the journal entry required to record the effects described by using debit or credit to indicate the increase or decrease in each affected account.
Definitions:
Actual Notice
The direct and explicit knowledge given to a person about a specific piece of information, ensuring they are aware of it.
Constructive Notice
Legal notice presumed by law to have been acquired by a person and thus binding on that person, regardless of actual knowledge of the notice.
Subagent
An agent appointed by another agent with the original principal's authorization, typically to help perform some duty or function.
Apparent Authority
The appearance or assumption of authority based on the actions or representations of the principal.
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