Multiple Choice
Use this information to answer the following question. The transactions below pertain to Bolivar Company,whose fiscal year ends September 30.
The entry to record the September 10 transaction (amounts rounded) is:
A) Cash 1,480
Notes Payable 1,480
B) Cash 48,520
Accounts receivable 48,520
C) Cash 48,520
Notes Payable 48,520
D) Cash 50,000
Notes Payable 50,000
Correct Answer:
Verified
Correct Answer:
Verified
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