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The journal entry to record the borrowing of cash and the signing of a note payable involves: A) A debit to note payable and a
The journal entry to record the borrowing of cash and the signing of a note payable involves: | ||
A) | A debit to note payable and a credit to cash. | |
B) | Debits to cash and interest expense and a credit to cash. | |
C) | A debit to cash and a credit to note payable. | |
D) | None of the above. |
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