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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    A Business Repays the Amount Borrowed on a Note Payable
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A Business Repays the Amount Borrowed on a Note Payable

Question 38

Question 38

Multiple Choice

A business repays the amount borrowed on a note payable by cash. Which of the following accounts will be debited?


A) Cash
B) Bank
C) Notes Payable
D) Notes Receivable

Correct Answer:

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