Brian inc. borrowed $8,000 from first bank and signed a promissory note. what entry should first bank record?
(a) debit cash, $8,000; credit notes payable, $8,000
(b) debit notes receivable, $8,000; credit cash $8,000
(c) debit notes payable, $8,000; credit cash, $8,000
(d) debit cash, $8,000; credit notes receivable, $8,000
Answers: 2
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