On January 1, Gemstone Company obtained a $165,000, 10-year, 7% installment note from Guarantee Bank. The note requires annual payments of $23,492, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $11,550 and principal repayment of $11,942. The journal entry to record the payment of the first annual amount due on the note would include a

A) debit to cash for $11,942
B) credit to interest payable for $11,550
C) debit to notes payable for $11,942
D) debit to interest expense for $23,492

When parties are interdependent,they have to find a way to ____________ their differences.

The physical or psychological demands from the environment that cause stress are called problems.

A credit sale of $4000 is made on April 25 terms 3/10 n/30 on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4?

A) $3589
B) $3700
C) $3880 d $4000