Assume That on October 1,a Note Which Has a Face

question 33

Multiple Choice

Assume that on October 1,a note which has a face value of $2,000,bears interest at 6 percent for 90 days,received from a customer as an extension of his past-due account is honored on its due date.The entry that would be made to record the receipt on due date is:

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Definitions:

Coping Effectively

Successfully managing to overcome or handle stressful situations or challenges.

Job Dissatisfaction

The feeling of unhappiness or discontent with one’s job or aspects of it.

Defence Mechanisms

Psychological strategies used by individuals to cope with reality and to maintain a self-image by lessening the anxiety stemming from unacceptable thoughts or feelings.

Stress Experience

The feelings and physical reactions to pressures or threats, varying in intensity depending on the individual's perception and coping mechanisms.