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Jasper makes a $86.000, 90-day.7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $86,000:
Jasper makes a $86.000, 90-day.7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $86,000: credit Cash $86,000. Debit Accounts Receivable $86,000; credit Notes Receivable $86,000. Debit Cash $86,000 credit Notes Receivable for $86,000. Debit Notes Payable $86,000: credit Accounts Payable $86,000. Debit Notes Receivable $86,000: credit Sales $86.000
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