Brian Inc.borrowed $8,000 from First Bank and signed a promissory note.What entry should First Bank record?
A) Debit Cash,$8,000; Credit Notes Receivable,$8,000.
B) Debit Notes Receivable,$8,000; Credit Cash,$8,000.
C) Debit Cash,$8,000; Credit Notes Payable,$8,000.
D) Debit Notes Payable,$8,000; Credit Cash,$8,000.
Correct Answer:
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