martinez co. borrowed $50,000 on march 1 of the current year by signing a 60-day, 9%, interest-bearing note. assuming a 360-day year, when the note is paid on april 30, the entry to record the payment should include a:

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.