Question: Basic Company lent a customer $10,000 using a note. The journal entry to record the transaction is: Debit Cash $10,000, credit Notes Receivable $10,000. Debit

Basic Company lent a customer $10,000 using a note. The journal entry to record the transaction is: Debit Cash $10,000, credit Notes Receivable $10,000. Debit Notes Receivable $10,000, credit Cash $10,000. Debit Cash $10,000, credit Accounts Receivable $10,000. Debit Accounts Receivable $10,000, credit Cash $10,000

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