The entry to record a commonly used short-term borrowing of $10,000 by the City of Houston in trying to smooth out cash flows until taxes are collected would be: a Debit Cash $10,000 Credit Tax Anticipation Notes Payable $10,000 b. Debit Cash $10,000 Credit Bonds Payable $10,000 c. Debit Notes Payable $10,000 Credit Cash $10,000 d. Debit Tax Anticipation Notes Payable $10,000 Credit Cash $10,000