You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose machine. The

Answer:Jalen journal $

Date

Jan 1,2021

Land Dr. 860,887

Note payable Cr. 860,887

Narration. Issuance of note for the above amount, payable in four installments for land purchase.

June 30,2021

Note payable Dr 215,221.64

Cash Cr. 215,221.64

Narration. Payment of the first installment for the land acquisition.

December 31,2021

Note payableDr 215,221.64

Cash.Cr. 215,221.64

Narration. Payment of the second installment for the land acquisition.

2. Remaining balance on note payable as of December 31, 2021 is $400,000

Interest expense balance is $30,443.28.

Explanation:

The land account is debited to reflect its purchase, while the notes payable account is credited to recognize the liability.

Payments made in the first and second periods debit the respective installment amounts.

The note payable balance indicates the outstanding principal payments of $800,000, whereas the interest expense denotes the additional amount beyond the principal.

Answer:

Shirly is a good fit for careers in law, public safety, and security.

Explanation:

The professions in law, public safety, and security align closely with the characteristics noted in Shirly's evaluation, reflecting her qualities of justice, security awareness, and physical fitness to handle risky situations, all of which benefit the community she serves.