On November 1, Bahama National Bank lends $3.5 million and accepts a six-month, 9% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i. e. 5 should be entered as 5,000,000).)

11/01

Dr Notes Receivable 3,500,000

Cr Cash 3,500,000

12/31

Dr Interest receivable 35,000

Cr Interest revenue 35,000

Explanation:

Bahama National Bank Journal entry

11/01

Dr Notes Receivable 3,500,000

Cr Cash 3,500,000

12/31

Dr Interest receivable 35,000

Cr Interest revenue 35,000

Interest Revenue = Face Amount x Interest Rate x Time Period= 3,500,000 x .06 x 2/12 = 35,000

answer; human resource management.(hrm);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know