Ontario Resources, a natural energy supplier, borrowed $80.8 million cash on November 1, 2021, to fund a geological survey. The loan was made by Quebec Banque under a short-term financing arrangement. Ontario Resources issued a 6-month, 12% promissory note with interest payable at maturity. Ontario Resources' fiscal period is the calendar year.

Prepare the journal entry for the issuance of the note by Ontario Resources.

1 Nov 2021   Cash                              $80.8 million Dr

                           Notes Payable                     $80.8 million Cr

Explanation:

The note issued by Ontario will be against the amount borrowed by Ontario. The borrowing will result in Ontario receiving cash. The receipt of cash will increase the amount of cash which is a asset and it will be debited by the amount of cash received.

The note issued by Ontario is a liability for Ontario. An increase in liability will be recorded by a credit to notes payable account by the amount of the cash received by Ontario. It carries interest that will be recorded at the year end adjusting entry for the period that relates to this year. The remaining interest will be recorded when the note matures and the total amount of interest on note will be paid along with the principal at maturity.

I can see no choices.

One way to demonstrate assertiveness while interacting with a customer is to avoid expressing disagreement with the customer. This will prevent relationship breakdown.

Explanation:

A "quality customer service" is one which establishes rapport with customers. Besides this, it should also be fast and efficient so that problems encountered by customers will be addressed on time. This will allow them to continue using the service or purchasing the products which the company is providing.

"Assertiveness" is an important quality that a customer service provider must possess. It should not be mistaken for aggressiveness. Assertiveness allows the customer service provider to find a proper solution to the customer's problems or needs. Thus, he should avoid expressing disagreement with the customer by providing solutions. Giving the customer an alternative option makes them feel that you are listening to their problems and issues. It also makes the conversation more constructive.

So, this explains the answer.