On December 31,2018,Anderson Hardware Company Purchases $300,000 of Property by Paying

question 3

Essay

On December 31,2018,Anderson Hardware Company purchases $300,000 of property by paying $50,000 in cash and signing a 10-year mortgage note at 13% for the balance.The amortization schedule shows that the company will pay $46,072 per year.Journalize the first yearly payment on December 31,2019.Omit explanation.

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Definitions:

First Stage Avoidance

First stage avoidance in classical conditioning is where the organism learns to avoid an aversive stimulus by responding appropriately to a warning signal.

Fear

Conditioned response to stimuli associated with painful events; motivates avoidance of aversive events.

Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage.

Escape

A type of behavior where an individual learns to perform an action to terminate an ongoing, unpleasant stimulus or situation.