Question
Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc. record? a). Debit Cash, $8,000; Credit Notes Receivable,
a). Debit Cash, $8,000; Credit Notes Receivable, $8,000.
b). Debit Notes Receivable, $8,000; Credit Cash, $8,000.
c). Debit Cash, $8,000; Credit Notes Payable, $8,000.
d). Debit Notes Payable, $8,000; Credit Cash, $8,000.
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
11th Edition
324655223, 978-0324655223
