On August 1, Luang Corporation signed a $30,000, 14%, 2-year note to help finance renovations being made to the corporation headquarters.
Assuming the interest is accrued only when the year ends on December 31, the appropriate journal entry for the first year would be:

a) Interest Expense $4,200; Interest Payable $4,200.
b) Interest Expense $4,200; Notes Payable $4,200.
c) Interest Expense $1,750; Interest Payable $1,750.
d) Interest Expense $1,750; Notes Payable $1,750.

c

explanation:

well obviously you must be dumb if you dont noe dat

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.