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    Financial Accounting Study Set 11
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    Exam 5: Receivables and Revenue
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    The Journal Entry to Record Lending Money on a Note
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The Journal Entry to Record Lending Money on a Note

Question 72

Question 72

Multiple Choice

The journal entry to record lending money on a note receivable is:


A) Debit Cash,credit Notes Receivable
B) Debit Notes Receivable,credit Cash.
C) Debit Cash,credit Accounts Receivable.
D) Credit Accounts Receivable,credit Cash.

Correct Answer:

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