Gracie Company borrows $88,800 on July 1 from the bank by signing a $88,800, 9%, 1-year note payable. Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year.

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.

yes the correct answer was

b.the increased supply will create a surplus.