Buzzard borrowed $40,500 on March 1, 2021. The principal is due to be collected in five years. Interest is receivable each March 1 at an annual rate of 10%. Record the adjusting entry for interest at its year-end of December 31.

On traditional maps, earth is represented in a flat plane, or by euclidean geometry. however, a globe is a more accurate model that comes from elliptical geometry. how does a globe represent the fact that there are no parallel lines in elliptical geometry? the equator is not parallel to any other latitudinal lines. the north and south poles are never connected by a geodesic. the geodesics connecting the north and south poles never intersect. the geodesics connecting the north and south poles intersect at both of the poles.