Company a and Company B Each Borrow $2,000 from the Bank.Company

question 61

Multiple Choice

Company A and Company B each borrow $2,000 from the bank.Company A signed a 60-day,12% note.Company B signed a 90-day,11% note.How will each of these companies record these events in their respective general journals on the day the money was borrowed?

• A) Company A
• \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { Notes Payable } & & 2,000 \\
• \hline
• \end{array}\] Company B
• \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { Notes Payable } & & 2,000 \\
• \hline
• \end{array}\] 00 Notes Payableompany record this event in the general journal?
• B) Company A
• \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,040 & \\
• \hline \text { Interest Experse } & & 40 \\
• \hline \text { Notes Payable } & & 2,000 \\
• \hline
• \end{array}\] Company B
• \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,055 & \\
• \hline \text { Interest Experse } & & 55 \\
• \hline \text { Notes Payable } & & 2,000 \\
• \hline
• \end{array}\]
• C) Company A
• \[\begin{array} { | c | r | r | }
• \hline \text { Notes Payable } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\] Company B
• \[\begin{array} { | c | r | r | }
• \hline \text { Notes Payable } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\]
• D) Company A
• \[\begin{array} { | c | r | r | }
• \hline \text { Interest Expense } & 40 & \\
• \hline \text { Notes Payable } & 2,000 & \\
• \hline \text { Cash } & & 2,040 \\
• \hline
• \end{array}\] Company B
• \[\begin{array} { | c | r | r | }
• \hline \text { Interest Expense } & 55 & \\
• \hline \text { Notes Payable } & \mathbf { 2 , 0 0 0 } & \\
• \hline \text { Cash } & & 2,055 \\
• \hline
• \end{array}\]
• E) . Company A
• \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,040 & \\
• \hline \text { Notes Payable } & & 2,040 \\
• \hline
• \end{array}\] Company B
• \[\begin{array} { | l | l | l | }
• \hline \text { Cash } & 2,055 & \\
• \hline \text { Notes Payable } & & 2,055 \\
• \hline
• \end{array}\]

Explain the stages of psychosexual development according to Freud.

Differentiate among various psychodynamic, cognitive-behavioral, and other psychological models and their therapeutic approaches.

Interpret the role of dreams and their significance in psychodynamic theory.

Understand the concepts of resistance, transference, and catharsis in the context of psychodynamic therapy.

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The intrinsic nature or indispensable quality of something, especially something abstract, that determines its character or identity.