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answer #1, #2-D, #3, and 4-D

1. Discuss these two options and determine the better choice. Ensure that all teammates concur with the decision and understand the rationale. 2. Each member of the team is to prepare one of the following journal entries. a. Option A-at date of issuance. b. Option B-at date of issuance. c. Option A-at maturity date. d. Option B-at maturity date. 3. In rotation, each member is to explain to the team the entry he or she prepared in part 2. Ensure that all team members concur with and understand the entries. 4. Assume that the funds are borrowed on December I (instead of June I) and your business operates on a calendar-gear reporting period. Each member of the team is to prepare ane of the following entries. a. Option A - the year-end adjustment. b. Option B-the year-end adjustment. c. Option A-at maturity date. d. Option B at maturity date. 1. Discuss these two options and determine the better choice. Ensure that all teammates concur with the decision and understand the rationale. 2. Each member of the team is to prepare one of the following journal entries. a. Option A-at date of issuance. b. Option B-at date of issuance. c. Option A-at maturity date. d. Option B-at maturity date. 3. In rotation, each member is to explain to the team the entry he or she prepared in part 2. Ensure that all team members concur with and understand the entries. 4. Assume that the funds are borrowed on December I (instead of June I) and your business operates on a calendar-gear reporting period. Each member of the team is to prepare ane of the following entries. a. Option A - the year-end adjustment. b. Option B-the year-end adjustment. c. Option A-at maturity date. d. Option B at maturity date

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