Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc. 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:
Verified
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