An Entity Repays $2000 of an Existing Bank Loan

question 3

Multiple Choice

An entity repays $2000 of an existing bank loan. The transaction is recorded as:

• A) DR Bank loan $2000; CR Owner's capital $2000
• B) DR Cash $2000; CR Accounts payable $2000
• C) DR Cash $2000; CR Bank loan $2000
• D) DR Bank loan $2000; CR Cash $2000

Acknowledge the limitations and ethical considerations of using intelligence and aptitude tests for academic and career decisions.

Recognize the normal distribution as a statistical concept fundamental to understanding psychological measurements.

Understand the differences in government regulation between selling securities privately and publicly.

Comprehend the fluctuations in interest rates on short-term funds and factors influencing these changes.

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Definitions:

PKU

PKU, or Phenylketonuria, is a genetic disorder in which the body cannot metabolize phenylalanine, an amino acid, leading to harmful levels in the body if not treated with a special diet from infancy.

Neurological Damage

Refers to injury or impairment in the nervous system, potentially affecting the brain, spinal cord, or nerves, leading to various physical and cognitive symptoms.

Mental Retardation

An outdated and offensive term formerly used to describe a condition of below-average cognitive ability present from birth or early infancy, now more appropriately referred to as intellectual disability.

Small-For-Date

A term describing infants born with a birth weight below the 10th percentile for their gestational age, often indicating prenatal growth issues.