Multiple Choice
Sarah borrowed $2,200 from Cassandra. Sarah promised in writing that she would repay the money to Cassandra on June 18, 201X. At the time of the loan, Sarah records the transaction as a(n) :
A) Accounts Receivable.
B) Accounts Payable.
C) Note Payable.
D) Note Receivable.
Correct Answer:
Verified
Correct Answer:
Verified
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