If a Company Pays Back Money Borrowed from a Bank,which

question 112

Multiple Choice

If a company pays back money borrowed from a bank,which of the following would be included in the journal entry to record this transaction?

• A)Credit Notes Payable and debit Common Stock
• B)Debit Cash and credit Notes Payable
• C)Debit Cash and credit Common Stock
• D)Credit Cash and debit Notes Payable