Question
Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should First Bank record? Debit Cash, $8,000; Credit Notes Receivable, $8,000.
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Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should First Bank record?
Debit Cash, $8,000; Credit Notes Receivable, $8,000.
Debit Notes Receivable, $8,000; Credit Cash, $8,000.
Debit Cash, $8,000; Credit Notes Payable, $8,000.
Debit Notes Payable, $8,000; Credit Cash, $8,000.
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Just In Time Accounting How To Decrease Costs And Increase Efficiency
Authors: Steven M. Bragg
3rd Edition
0470403721, 978-0470403723
