Question: 38. The journal entry to record a note receivable in substitution for an account receivable is (The journal entry to record a note received from

38. The journal entry to record a note receivable in substitution for an account receivable is (The journal entry to record a note received from a customer to apply on account is) a. debit to Notes Receivable; credit to Accounts Receivable b. debit to Accounts Receivable; Credit to Notes Receivable c. debit to Cash; Credit to Notes Receivable d. debit to Notes Receivable; Credit to Notes Payable

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