Multiple Choice
On April 1,2012,Company X lends $200,000 to Company Y on a 8% note.On April 1,2012,which of the following accounts of Company X will be affected by this transaction?
A) Cash and Note Payable
B) Cash and Note Receivable
C) Cash and Interest Revenue
D) Cash and Interest Expense
Correct Answer:
Verified
Correct Answer:
Verified
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