Multiple Choice
A company lent $10,000 to an employee who signed a 9%,6-month promissory note.The entry made by the company to record this loan to the employee will include a:
A) debit to Accounts Receivable for $10,000.
B) credit to Sales for $10,000.
C) debit to Notes Receivable for $10,000.
D) credit to Notes Payable for $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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