Question
The entry to record the initial borrowing of cash by issuing a promissory note causes a(n): 1. decrease in assets. 2. decrease in stockholders' equity.
The entry to record the initial borrowing of cash by issuing a promissory note causes a(n):
1. decrease in assets.
2. decrease in stockholders' equity.
3. increase in stockholders' equity.
4. increase in liabilities.
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Quickbooks A Complete Guide To Bookkeeping And Accounting For Small Businesses For Beginners
Authors: Marcus Smalling
1st Edition
1674903634, 978-1674903637
