On june 30, 2021, the esquire company sold some merchandise to a customer for $30,000. in payment, esquire agreed to accept a 6% note requiring the payment of interest and principal on march 31, 2022. the 6% rate is appropriate in this situation. required: 1. prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the december 31, 2021 interest accrual, and the march 31, 2019 collection.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.