Which of the following is descriptive of a vision statement?

Under the Constitution Act, the federal government and the Provincial legislatures both have the power to make laws concerning matters of common interest across Canada

Indicate whether the statement is true or false

Edmond Office Equipment borrowed $10,000 at 10% interest on July 1. Principal and interest are due on December 31. The company's fiscal year ends on October 31. What adjusting entry should be made on that date?

A) No entry B) Interest Expense 500 Interest Payable 500 C) Interest Expense 333 Interest Payable 333 D) Prepaid Interest 333 Interest Payable 333