Question: On May 2 2 , Jarrett Company borrows $ 9 , 1 0 0 , signing a 9 0 - day, 8 % , $
On May Jarrett Company borrows $ signing a day, $ note. What is the journal entry made by Jarrett Company to record the transaction?
Multiple Choice
Debit Cash $; credit Accounts Payable $
Debit Accounts Payable $; credit Notes Payable $
Debit Cash $; credit Notes Payable $
Debit Cash $; credit Notes Payable $
Debit Notes Receivable $; credit Cash $
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