Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
-On October 1,2015,Kramer Co.issued a one-year discount note with a face value of $100,000 and interest of 6% to the North Star Bank and received cash in the amount of $94,000.
Definitions:
Assertiveness
The quality of being self-assured and confident without being aggressive, crucial for effective communication and interpersonal relations.
Passive Listening
Hearing what a person has to say without responding in any way; contrast with active listening.
Anxious Feeling
A state of worry, nervousness, or unease about something with an uncertain outcome.
Open Posture
A position that conveys a feeling of receptiveness and friendliness; facing another person with arms comfortably at the sides or in the lap.
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