Journalize the Following Entries on the Books of the Borrower

question 12

Essay

Journalize the following entries on the books of the borrower and creditor.Label accordingly.
(Assume a 360-day year is used for interest calculations.)​​

---

Definitions:

Own Conclusions

Personal judgments or decisions made after considering the information or evidence at hand.

Increases Persuasiveness

Enhancing the ability to convince others to agree with an argument, viewpoint, or request.

Distraction in Persuasion

The use of unrelated stimuli to divert attention during persuasion to potentially increase susceptibility to the message.

Weak Argument

Describes a line of reasoning lacking in persuasiveness, either through poor logic or insufficient evidence.