Cash is debited, and Notes Payable ( a liability account ) is credited. Which transaction A .
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Cash is debited, and Notes Payable a liability account is credited. Which transaction ABorrowing money
Buying equipment by signing a note a liability
Receiving money from stockholders
Paying back money that was previously borrowedwould require this journal entry?
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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