The Journal Entry a Company Uses to Record the Issuance

question 11

Multiple Choice

The journal entry a company uses to record the issuance of a discounted note for the purpose of borrowing funds for the business is

• A) debit Cash and Interest Expense; credit Notes Payable
• B) debit Cash and Interest Payable; credit Notes Payable
• C) debit Accounts Payable; credit Notes Payable
• D) debit Notes Payable; credit Cash

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Definitions:

FR 30 Schedule

A fixed-ratio schedule of reinforcement where a specific behavior is rewarded after it has been performed a fixed number of times, in this case, 30 times.

VR 30 Schedule

A variable ratio reinforcement schedule where a response is reinforced, on average, every thirtieth time it is made.

Response Deprivation Theory

A principle that suggests a behavior can become more frequent if it is restricted or prevented below its baseline level of occurrence.

Set Point Theory

The idea that each person has a genetically determined range of weight and temperature that their body will try to maintain to stay at optimal health.