Assume That on December 1,a $3,000,90-Day,10 Percent Note Receivable Was $\begin{array}{l}\text { Notes receivable }&3,000 \\\text { Cash }&&3,000\end{array}$

question 123

Multiple Choice

Assume that on December 1,a $3,000,90-day,10 percent note receivable was received from a customer as an extension of his of past - due account.The entry that would be made to record the note is:

• A)
• \(\begin{array}{l}
• \text { Notes receivable }&3,000 \\
• \text { Cash }&&3,000
• \end{array}\)
• B)
• \(\begin{array}{l}
• \text { Notes receivable }& 3,000\\
• \text { Interest Income account }&&3,0000
• \end{array}\)
• C)
• \(\begin{array}{llr}
• \text { Notes receivable } &3,000\\
• \text { Accounts receivable } &&3,000\\
• \end{array}\)
• D)
• \(\begin{array}{l}
• \text { Cash }&3,0000 \\
• \text { Accounts receivable }&&3,000
• \end{array}\)

Understand the significance of health and physical attributes in mate selection and attraction.

Assess the relationship between sexual styles and sexual satisfaction.

Understand the dynamics of sexual fantasies and masturbation in shaping sexual desires and behaviors.

Understand the different methodologies used in the study of personality and health, including self-report and peer-report methods.

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Definitions:

Merchandise Purchases

Transactions where a business acquires goods to be sold later, often at a profit.

Retained Earnings

Accumulated net income not distributed to shareholders and reinvested in the company.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made periodically, usually at the end of a financial reporting period, as opposed to continuously.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead expenses.