Camp elim obtains a $125,000, 6%, five-year installment note for a new camp bus on january 1, 2021. the note requires monthly installment payments of $2,416.60 what journal entry will be recorded for the first month’s payment on january 31, 2021?

multiple choice

debit interest expense $1,500; debit notes payable $916.60; credit cash $2,416.60

debit notes payable $625; debit interest expense $1,791.60; credit cash $2,416.60

debit interest expense $625; debit notes payable $1,791.60; credit cash $2,416.60

debit notes payable $1,500; debit interest expense $916.60; credit cash $2,416.60

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine