Use this information to answer the following question. The transactions below pertain to Bolivar Company,whose fiscal year ends September 30.
The entry to record the September 10 transaction (amounts rounded)is:
A) Cash 1,480 Notes Payable 1,480
B) Cash 48,520 Accounts receivable 48,520
C) Cash 48,520 Notes Payable 48,520
D) Cash 50,000 Notes Payable 50,000

Question

Use this information to answer the following question. The transactions below pertain to Bolivar Company,whose fiscal year ends September 30.
 The entry to record the September 10 transaction (amounts rounded)is:
A) Cash 1,480 Notes Payable 1,480 
B) Cash 48,520 Accounts receivable 48,520 
C) Cash 48,520 Notes Payable 48,520 
D) Cash 50,000 Notes Payable 50,000

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. The transactions below pertain to Bolivar Company,whose fiscal year ends September 30.
 The entry to record the September 10 transaction (amounts rounded)is:
A) Cash 1,480 Notes Payable 1,480 
B) Cash 48,520 Accounts receivable 48,520 
C) Cash 48,520 Notes Payable 48,520 
D) Cash 50,000 Notes Payable 50,000

Use This Information to Answer the Following Question