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Soup, Salad, & Sandwich is a regional chain of restaurants in the northeast that provides dine-in, carry-out, and catering services. Owners Jesse and Mataya Peña currently operate six locations and are in the process of opening a new restaurant in another state. Their operation is quite successful and appeals to health-conscious consumers, busy moms, and executives in a hurry. Staying open longer hours, enlarging the menu, and expanding the scope of the business are among the many goals set by the Peñas. They want to follow a traditional business model in reaching their goals.
-Soup,Salad,& Sandwich features all of the traditional business participants except _____.
Note Payable
A financial obligation or loan evidenced by a promissory note, specifying terms such as the repayment schedule, interest, and maturity date.
Accounts Payable
Liabilities or amounts owed by a company to its creditors for goods and services received that have not yet been paid for.
Journal Entry
A record in bookkeeping that documents every financial transaction, detailing the accounts affected and whether they are debited or credited.
Interest-Bearing Note
A debt instrument that pays interest to the holder, typically at a fixed rate, until the note reaches its maturity date.
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