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John Borrowed $1,030 from Melanie

Question 59

Multiple Choice

John borrowed $1,030 from Melanie. John promised in writing that he would repay the money to Melanie on April 21, 201X. At the time of the loan, Melanie records the transaction as a(n) :


A) Accounts Receivable.
B) Accounts Payable.
C) Note Receivable.
D) Note Payable.

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