On October 1,a $30,000,6%,three-Year Installment Note Payable Is Issued by a Company.The

question 55

Multiple Choice

On October 1,a $30,000,6%,three-year installment note payable is issued by a company.The note requires that $10,000 of principal plus accrued interest be paid at the end of each year on September 30.The issuer's journal entry to record the second annual interest payment would include:

• A)A debit to Interest Expense for $1,800.
• B)A debit to Interest Expense for $1,200.
• C)A credit to Cash for $11,800.
• D)A credit to Cash for $10,000.
• E)A debit to Notes Payable for $1,200.

---

Definitions:

Caregiver

An individual responsible for providing physical and emotional care to someone who is unable to look after themselves due to age, illness, or disability.

Secure Base

A concept in attachment theory referring to the emotional and physical safety provided by a caregiver, enabling individuals to explore and interact with their environment confidently.

Harry Harlow

A psychologist known for his research on maternal separation, dependency needs, and social isolation experiments on rhesus monkeys.

Attachment

An emotional bond that forms between individuals, critical to personal development and psychological health.