On March 1,2012,Bayonne Services Made a Loan to One of Its

question 46

Essay

On March 1,2012,Bayonne Services made a loan to one of its officers.The officer signed a 6-month note for $4,000 at 8%.Please provide the journal entry needed by Bayonne to record the note.
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Understand the concepts of long and short positions in futures contracts and their market implications.

Identify the diverse types of futures contracts, including financial and commodity futures.

Comprehend the mechanisms of profit and loss in futures trading.

Recognize the role and mechanics of margin in futures trading.