Question: 5 What are the steps to record borrowing on a note payable? Chapter 6 Matching Operating activity Investing activity c . Financing activity d .

5

What are the steps to record borrowing on a note payable?

Chapter

6

Matching

Operating activity

Investing activity

.

Financing activity

.

Fixed assets

.

Long

-

term investment

Common stock

Dividends

Long

-

term debt

.

Bank deposit

.

Journal entry

Long

-

term tangible property that a firm owns

Distribution of earnings to shareholders

A stockholders' equity account

Used to record purchase of a fixed asset for a no

A five

-

year note payable

Sales receipt

A financial instrument that matures in more than

Used to record amounts received from a note pay.

Sale of common stock

Purchase of common stock

Chapter

6

caces

5 What are the steps to record borrowing on a note

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