An agreement in which a party promises to supply all the other party's needs for a particular commodity is called a(n) :

A) requirements contract.
B) composition agreement.
C) output contract.
D) nominal consideration.

________ is a technology system that helps companies manage information about existing and potential customers.

A) CRM (customer relationship management)
B) Personal productivity
C) A salesperson diary
D) Spreadsheet organizer
E) Worksheet information system

Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 1-year note receivable and $900 of interest collected by the bank. Marsh Land Properties had been notified by the bank at the time of collection, but had made no entries. Journalize the entry that should be made by Marsh Land to bring the accounting records up to date.