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A Company Borrows $20,000 with 8% Interest on October 1,2015

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Essay

A company borrows $20,000 with 8% interest on October 1,2015.This amount plus interest is due on September 30,2016.Record the adjusting entry on December 31,2015.


Definitions:

Psychophysicist

A researcher who studies the relationship between physical stimuli and the sensations and perceptions they evoke.

Package Designs

The art, science, and technology of enclosing or protecting products for distribution, sale, and use.

Fun Theory

proposes that designing experiences to be enjoyable and entertaining can motivate people to adopt beneficial behaviors or engage more deeply with a product or idea.

Sensory Marketing

A type of marketing that targets the senses (sight, touch, taste, smell, and sound) to create a memorable and emotional connection with the consumer.

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