Multiple Choice
A business borrows cash by signing a note payable. Which of the following accounts will be debited?
A) Notes Payable
B) Accounts Payable
C) Bank
D) Cash
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q117: A business purchased land for $250,000 cash.
Q118: A trial balance summarizes a ledger by
Q119: Data from a trial balance is used
Q120: A business repays the amount borrowed on
Q121: A business collects cash from a customer
Q123: Mitchell Florists had the following total assets,
Q125: A business collects cash from a customer
Q126: The trial balance summarizes the balances of
Q127: Which of the following journal entries would
Q153: Which of the following factors is assessed