On October 1,2018,you Borrow $200,000 at 6% Interest and Record

question 72

Multiple Choice

On October 1,2018,you borrow $200,000 at 6% interest and record the promissory note.In April and again in October of the following year,you are required to pay half the annual interest to your creditors.On December 31,2018,your journal entry for the quarter should:

• A)debit Interest Expense for $3,000 and credit Interest Payable for $3,000.
• B)debit Cash for $3,000 and credit Accrued Interest for $3,000.
• C)debit Interest Expense for $6,000 and credit Cash for $6,000.
• D)debit Interest Expense for $6,000 and credit Notes Payable for $6,000.

Recognize the importance of documentation in the appraisal and termination process.

Communicate effectively about performance issues and terminations while ensuring legal compliance.

Understand the impact of online communication on personal and organizational brand.

Understand the design and purpose of performance reviews in the workplace.

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Definitions:

Need-Satisfaction Sales Presentation

A sales approach that focuses on identifying and meeting the specific needs of a customer or client.

Problem-Solution Approach

A sales strategy that focuses on identifying a customer's problem and presenting a product or service as the solution.

Creative Type

The term 'creative type' refers to individuals who are naturally inclined towards creativity and often pursue careers in arts, design, writing, and similar fields.

Sales Presentation

A structured pitch or demonstration aimed at persuading a potential customer or client to purchase a product or service.