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On October 1,2015,the Early Bank Lends Money to a Customer

question 83

Multiple Choice

On October 1,2015,the Early Bank lends money to a customer on a six month note.The bank accrues interest on the note at December 31,2015.The journal entry on December 31,2015 by the bank would include a:

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Definitions:

Virtues

Qualities considered morally good or desirable in a person, such as courage, justice, and wisdom.

Moral Sense

An innate or developed capacity to distinguish right from wrong and to feel empathy and duty toward others.

The Mean

In philosophy, particularly Aristotelian ethics, it refers to the desirable middle ground or moderation between two extremes.

Courage

The ability to do something that frightens one or the strength in the face of pain or grief.

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