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Pink Inc. borrowed $8,000 from Lilac Bank and signed a promissory note payable. What entry should Lilac Bank record? Multiple Choire Debit Cash, $8,000; Credit

Pink Inc. borrowed $8,000 from Lilac Bank and signed a promissory note payable. What entry should Lilac Bank record? Multiple Choire Debit Cash, $8,000; Credit Notes Receivable, $8,000. Debit Cash, $8,000; Credit Notes Payable, $8,000. Debit Notes Receivable, $8,000; Credit Cash, $8,000. Debit Notes Payable, $8,000; Credit Cash, $8,000

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