Multiple Choice
A company uses $100,000 in cash to pay off $100,000 in notes payable.This would result in a:
A) $100,000 credit to Cash and a $100,000 debit to Notes Payable.
B) $100,000 credit to Cash and a $100,000 credit to Notes Payable.
C) $100,000 debit to Cash and a $100,000 credit to Notes Payable.
D) $100,000 debit to Cash and a $100,000 debit to Notes Payable.
Correct Answer:

Verified
Correct Answer:
Verified
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