On June 01, 2016, ABC signed a $13620 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested over the period from June 01, 2016 to June 01, 2018, with XYZ paying the entire $13620 on June 01, 2016 Use the account titles on the spreadsheet account_titles. xlsx Prepare journal entries for ABC the journal entry on June 01, 2016 will be a DR to (account title) Answer Cash the journal entry on June 01, 2016 will be a CR to (account title) Answer Cash-Equivalents the amount of the DR and the CR on June 01, 2016 is Answer the adjusting journal entry (based on months passed) on December 31, 2016 will be a DR to (account title) Answer the adjusting journal entry on December 31, 2016 will be a CR to (account title) Answer the amount of the DR and the CR on December 31, 2016 will b

answer; ///blank(1); rate-buster; blank(2) systematic soldiering;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.