The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students for $10,500 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,420 cash. c. Purchase musical equipment for $13,500 cash. d. Obtain a loan from a bank by signing a note for $17,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue.

C

Explanation:

c. Purchase musical equipment for $13,500 cash.

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.