Deere Company Holds a $14,400 Note Receivable Dated July 1,2019,with

question 155

Multiple Choice

Deere Company holds a $14,400 note receivable dated July 1,2019,with 10% interest.What adjusting entry is needed on December 31,2019?

• A)No entry is needed.
• B)Debit Interest Receivable for $144 and credit Interest Revenue for $144
• C)Debit Interest Receivable for $720 and credit Interest Revenue for $720
• D)Debit Interest Receivable for $1,440 and credit Interest Revenue for $1,440

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Definitions:

Physiological Response

The natural, biological reactions of the body to internal or external stimuli, such as heart rate increase in response to stress or exercise.

Acetaminophen

A medication used to reduce fever and relieve pain. It's known for its analgesic and antipyretic properties and is available over-the-counter.

Peak Action

The point at which a medication reaches its highest concentration in the blood, producing the maximum intended effect.

Onset of Action

The time it takes after a medication is administered for its effects to be noticed by the patient or observed clinically.