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,

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, $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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