C. s. lewis company had the following transactions involving notes payable.

july 1, 2014 borrows $50,000 from first national bank by signing a 9-month, 8% note.
nov. 1, 2014 borrows $60,000 from lyon county state bank by signing a 3-month, 6% note.
dec. 31, 2014 prepares adjusting entries.
feb. 1, 2015 pays principal and interest to lyon county state bank.
apr. 1, 2015 pays principal and interest to first national bank.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.