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    Accounting Study Set 1
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    Exam 2: Recording Business Transactions
  5. Question
    A Business Repays the Amount Borrowed on a Note with Cash.Which
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A Business Repays the Amount Borrowed on a Note with Cash.Which

Question 197

Question 197

Multiple Choice

A business repays the amount borrowed on a note with cash.Which of the following accounts is debited?


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

Correct Answer:

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