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On June 30,2017,Nightvale,Inc

question 86

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On June 30,2017,Nightvale,Inc.purchased merchandise inventory for $500,000 by signing a six-month,8% note payable.Prepare the journal entry for the payment of the note on December 30,2016.


Definitions:

Behaviourism

An emphasis on explaining observable behaviour in terms of reinforcement schedules.

Cognitive Events

Mental operations or processes involved in perception, memory, reasoning, and problem solving.

Publicly Observable

Events or actions that are open to being seen or noticed by the general public or by a specific audience.

Group Mind

McDougall’s idea that people adopt a qualitatively different mode of thinking when in a group.

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