Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc.

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Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc. record?

a). Debit Cash, $8,000; Credit Notes Receivable, $8,000.

b). Debit Notes Receivable, $8,000; Credit Cash, $8,000.

c). Debit Cash, $8,000; Credit Notes Payable, $8,000.

d). Debit Notes Payable, $8,000; Credit Cash, $8,000.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Posted Date: Dec 01, 2020 05:18 AM

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Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc.

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Business Law Text and Cases

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