On may 22, jarrett company borrows $7,500 from fairmont financing, signing a 90-day, 8%, $7,500 note. what is the journal entry needed to record the transaction by jarrett company? multiple choice debit cash $7,500; credit notes payable $7,500. debit notes receivable $7,500; credit cash $7,500. debit cash $7,650; credit notes payable $7,650. debit cash $7,500; credit accounts payable $7,500. debit accounts payable $7,500; credit notes payable $7,500.

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.