Waterway industries signed a three-month, zero-interest-bearing note on november 1, 2020 for the purchase of $499900 of inventory. the face value of the note was $512500. waterway used a "discount of note payable" account to initially record the note. assuming that the discount will be amortized equally over the 3-month period and that there was no adjusting entry made for november, the adjusting entry made at december 31, 2020 will include a
a. debit to discount on note payable for $1,300.

b. debit to interest expense for $2,600.

c. credit to discount on note payable for $1,300.

d. credit to interest expense for $2,600.

Construct an example of the cycle of​ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shown​ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. example​ one: ​(select from the​ drop-down menus.) ▾ opens a savings account ▾ with the borrower with the original lender at a local commercial bank with a​ $200 deposit. the ▾ original lender bank borrower loans out the​ $200 with other funds from other savings accounts to ▾ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.