Ben bradley started bradley company on january 1, year 1. the company experienced the following events during its first year of operation:
1. earned $2,000 of cash revenue for performing services.
2. borrowed $8,000 cash from the bank.
3. adjusted the accounting records to recognize accrued interest expense on the bank note. the note, issued on august 1, year 1, had a one-year term and a 6 percent annual interest rate.

a. what is the amount of interest expense in year one?
b. what amount of cash was paid for interest in year one?

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

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Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors