On October 1,2012,Archer Sales Borrows $100,000 by Signing a Note $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

question 85

Essay

On October 1,2012,Archer Sales borrows $100,000 by signing a note payable.The note is for 6 months and bears interest at a rate of 9%.Archer properly accrued interest at the end of 2012.Please provide the journal entry made at the end of March,2013 when Archer settles the note.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

Understand the relationship between attitudes, behaviours, and social influences.

Comprehend the theory of planned behaviour and its predictors of attitude change.

Recognize the role of stereotypes and self-fulfilling prophecies in shaping social interactions.

Understand the principle of counter-attitudinal behaviour and its influence on attitude change.

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Definitions:

IPO

An Initial Public Offering (IPO) is the process through which a private company becomes publicly traded by offering its shares for sale to the public for the first time.

Prospectus

An official document that companies must publish when offering securities for sale to the public, detailing financial and other significant information.

IPO Pop

The increase in a stock's price on the first day of trading following its initial public offering (IPO), often reflecting high investor demand.

Stock Price

The current market price at which a share of stock can be bought or sold.