Greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016.

(a) the note issued on november 1.

(b) the interest accrual on december 31.

indicate the effects of the amounts for the above transactions. (enter any decreases to account balances with a minus sign. do not round intermediate calculations.)

prepare the journal entries related for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations.)

greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016. record the borrowing of $1,500,000.

greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016. record the interest accrued on the notes payable.

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to