A Company Purchased Two New Delivery Vans for a Total

question 123

Essay

A company purchased two new delivery vans for a total of $250,000 on January 1,2009.The company paid $40,000 cash and signed a $210,000,3-year,8% note for the remaining balance.The note is to be paid in three annual end-of-year payments of $81,487 each,with the first payment on December 31,2009.Each payment includes interest on the unpaid balance plus principal.
(1)Prepare a note amortization table using the format below:
$$\begin{array} { | l | c | c | c | c | c | } \hline \begin{array} { c } \text { Period } \\\text { Ending Date }\end{array} & \begin{array} { c } \text { Beginning } \\\text { Balance }\end{array} & \begin{array} { c } \text { Debit Interest } \\\text { Expense }\end{array} & \begin{array} { c } \text { Debit Notes } \\\text { Payable }\end{array} & \text { Credit Cash } & \begin{array} { c } \text { Ending } \\\text { Balance }\end{array} \\\hline 12 / 3109 & & & & & \\\hline 12 / 31 / 10 & & & & & \\\hline 12 / 31 / 11 & & & & & \\\hline\end{array}$$
(2)Prepare the general journal entries to record the purchase of the vans on January 1,2009 and the second annual installment payment on December 31,2010.

Understand the definition and diagnostic criteria of substance-use disorders.

Identify the prevalence of substance use among various demographics.

Recognize biological and social risk factors as well as protective factors related to substance-use disorders.

Apply the DSM-5 criteria to assess substance-use disorders in individuals.

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Definitions:

Urgency To Change

The perceived immediate need within an organization to adapt or modify its operations or strategy.

Change Agent

An individual or entity that acts as a catalyst for change, facilitating, enabling, and often driving the change process within organizations or communities.

Diffusion

Diffusion is the process by which an innovation, idea, or trend spreads through a population or social system.

Appealing Vision

A strategic and inspiring goal or scenario that motivates individuals or groups towards its realization.