The expected yield on junk bonds is higher than the yield on AAA-rated bonds because of the

When you use your debit card or ATM card, you should enter the transaction into your check register

Indicate whether this statement is true or false.

Fletcher Products records adjusting entries monthly. The accountant at Fletcher Products is having difficulty figuring out what amount to include as the adjustment

Below are the accounts and amounts from Fletcher Products' month-end balances on February 28. February 28, 2009 Current assets Cash 45,100 Accounts Receivable 98,500 Office Supplies 2,700 Prepaid Rent 3,000 Long-term assets Equipment 10,000 Accumulated Depreciation 917 Current liabilities Accounts Payable 55,700 Interest Payable 400 Long-term liabilities Notes Payable 10,000 Additional Information: ? Office supplies of $250 were purchased in the month of March. On March 31, office supplies are $1,900. ? Fletcher Products committed to a one-year rental agreement on February 28, 2009 and paid $3,000 for the 12 month period starting March 1, 2009. This is the only rental agreement for Fletcher Products. ? A stamping machine is the only piece of equipment owned by Fletcher Products. It was purchased on April 1, 2008 for $10,000 and the company estimates a zero salvage value on it. Fletcher Products uses the straight line method of depreciation. The machine has a useful life of 10 years. ? Fletcher Products signed a 1-year, 24% note on January 1, 2009. The company recognizes interest on a monthly basis and is required to pay the entire amount of interest and principal upon the maturity date of December 31, 2009. Required: Prepare any necessary adjusting entries on March 31 based on the above information. Assume that no adjusting entries have been made for the month ending March 31.