on august 1, luang corporation signed a $30,000, 14%, 2-year note to help finance renovations being made to the corporation headquarters. assuming interest is accrued only when the year ends on december 31, the appropriate journal entry for the first year would be

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.