The Last Bank Lends Money to a Customer on a Six

question 19

Multiple Choice

The Last Bank lends money to a customer on a six month note. The entry to record the issuance of the note is:

• A)debit Note Receivable and credit Service Revenue.
• B)debit Service Revenue and credit Note Receivable.
• C)debit Note Receivable and credit Cash.
• D)debit Cash and credit Note Receivable.

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Definitions:

Big Five Personality

A conceptual model that outlines human personality through five major traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and a tendency towards negative emotions.

Major Traits

Key characteristics or qualities that significantly define a person or concept.

Low-level Managers

Managers who oversee the day-to-day operations and activities of an organization, often directly supervising frontline employees and implementing short-term plans.