Teller Purchased Merchandise from TechCom on October 17 of the Current

question 21

Multiple Choice

Teller purchased merchandise from TechCom on October 17 of the current year. TechCom accepted Teller's $4,800, 90-day, 10% note as payment. What entry should TechCom make on January 15 of the next year when the note is paid?

• A)\(\begin{array} { | l | r | r | }
• \hline \text { Notes Receivable } & 4,800 & \\
• \hline \text { Interest Receivable } & 120 & \\
• \hline \text { Sales } & & 4,920 \\
• \hline
• \end{array}\)
• B)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 4,920 & \\
• \hline \text { Notes Receivable } & & 4,920 \\
• \hline
• \end{array}\)
• C)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 4,920 & \\
• \hline \text { Interest Revenue } & & 100 \\
• \hline \text { Interest Receivable } & & 20 \\
• \hline \text { Notes Receivable } & & 4,800 \\
• \hline
• \end{array}\)
• D)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 4,920 & \\
• \hline \text { Interest Revenue } & & 20 \\
• \hline \text { Interest Receivable } & & 100 \\
• \hline \text { Notes Receivable } & & 4,800 \\
• \hline
• \end{array}\)
• E)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 4,920 & \\
• \hline \text { Interest Revenue } & & 120 \\
• \hline \text { Notes Receivable } & & 4,800 \\
• \hline
• \end{array}\)

---

Definitions:

Differentiated Marketing

A marketing strategy where a company targets several market segments with specific products or campaigns tailored to each segment.

Global Company

A business entity that operates in multiple countries across the world, often having a centralized headquarters but local offices and factories.

Localizing

The process of adapting a product, content, or service to meet the language, cultural, and other requirements of a specific target market.

Glocalization Strategy

The practice of conducting business according to both local and global considerations.