Question: What would it mean if there was a new ledger credit entry of $5,000 to the Notes Payable account? Select answer from the options below

What would it mean if there was a new ledger credit entry of $5,000 to the Notes Payable account? Select answer from the options below The company has borrowed $5,000 in the form of a note. The company has loaned $5,000 in the form of a note. The company has paid $5,000 towards an existing note. The company has $5,000 in unearned income (a liability account)

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