On November 1, 2021, June Laundry signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. June Laundry records the appropriate adjusting entry for the note on December 31, 2021. In recording the payment of the note plus accrued interest at maturity on May 1, 2022, June Laundry would:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; /// blank(1); increases; blank(2); decreases;