Multiple Choice
Electroid borrowed $85,000 cash from TechCo by signing a promissory note.TechCo's entry to record the transaction should include a ________.
A) debit Accounts Receivable for $85,000
B) credit Accounts Receivable for $85,000
C) debit Note Receivable for $85,000
D) credit Note Receivable for $85,000
Correct Answer:
Verified
Correct Answer:
Verified
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