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Red Bank Enterprises was involved in the following transactions 3. Notes payable. Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31: 2-Aug: Borrowed $55,000 from the Bank of Kingsville by signing a 90-day, 12% note. 20-Aug: Issued a $50,000 note to Harris Motors for the purchase of a $50,000 delivery truck. The note is due in 180 days and carries a 12% interest rate. 10-Sep: Purchased merchandise from Pans Enterprises in the amount of $15,000. Issued a 30-day, 12% note in settlement of the balance owed. 11-Sep: Issued a $60,000 note to Datatex Equipment in settlement of an overdue account payable of the same amount. The note is due in 30 days and carries a 14% interest 10-Oct: The note to Pans Enterprises was paid in full. 11-Oct: The note to Datatex Equipment was paid in full. 30-Oct: Paid note to Bank of Kingsville. Assume the Accounts Payable account totals $203,600 on this date. Instructions a. Prepare journal entries to record the transactions. b. Prepare adjusting entries on December 31 to record accrued interest. (Daily interest is calculated utilizing the 360 day method). c. Prepare the Current Liability section of Red Bank's balance sheet as of December 31. Assume that the Accounts Payable account totals $203,600 on this date.

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"Posted by Peter Skillen on Nov 30, 2012 in The How of 21st Century Teaching, Peter Skillen writes, How CAN we help our students be the kind of thinkers we want? Several years ago, my friend and colleague, @brendasherry, wrote a thoughtful post called "What is Deep Understanding?" She asked several excellent questions: what kind of thinkers do we want our students to be? what is deep understanding? can schools really provide the learning environment to nurture and develop it? In thinking about these questions, I would like to also ask: "How can we help novice learners become more expert learners?"

Peter Skillen explores ideas about developing deep understading in students.

A place to write everyday. You can't write well unless you practice. Here is a place to practice online.

Teaching digital literacy, information literacy, citizenship literacy via journalism lessons and resources for 7-12 grade students. I like the combination of writing journalism with the deep thinking skills needed for information fluency.

This is a great resource. Lots of good ideas for integrating Web 2.0 tools and 21st century skills and supporting life long learning skills.