Electroid borrowed $70,000 cash from TechCo by signing a promissory note. TechCo's entry to record the transaction should include a ________.
A) debit to Accounts Receivable for $70,000
B) credit to Accounts Receivable for $70,000
C) debit to Note Receivable for $70,000
D) credit to Note Receivable for $70,000
Correct Answer:
Verified
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