A Store Manager Kept Track of the Number of Newspapers $$\begin{array} { l l l l l l l } 89 & 30 & 203 & 193 & 261 & 249 & 246\end{array}$$

question 147

Multiple Choice

A store manager kept track of the number of newspapers sold each week.The results are shown below. $$\begin{array} { l l l l l l l } 89 & 30 & 203 & 193 & 261 & 249 & 246\end{array}$$

• A)182 newspapers
• B)203 newspapers
• C)261 newspapers
• D)193 newspapers
• E)246 newspapers

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Definitions:

Journal Entry

A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.

Issuance

The process of distributing new or existing securities for sale to investors.