Which of the following best describes the group consisting of practical people who have constructive skills and value self-sufficiency?

Under accrual accounting, revenue is recorded:

A) when the cash is received, regardless of when the services are performed. B) when the services are performed, regardless of when the cash is received. C) at the end of every month. D) only if the cash is received at the same time the services are performed.

On November 10, Twister Rides issued a 12%, 60-day, $10,000 promissory note. Twister should record the payment of the note on the maturity day as:

A) debit Notes Payable $10,200; credit Cash $10,200. B) debit Notes Payable $10,000; debit Interest Expense $200; credit Cash $10,200. C) debit Notes Payable $10,000; debit Interest Payable $200; credit Cash $10,200. D) debit Notes Payable $10,000; credit Cash $10,000.