Electron Borrowed $75,000 Cash from TechCom by Signing a Promissory

question 139

Multiple Choice

Electron borrowed $75,000 cash from TechCom by signing a promissory note. TechCom's entry to record the transaction should include a:

• A) Debit to Notes Receivable for $75,000.
• B) Debit to Accounts Receivable for $75,000.
• C) Credit to Notes Receivable for $75,000.
• D) Debit Notes Payable for $75,000.
• E) Credit to Sales for $75,000.

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Definitions:

Content Analysis

A research method for systematically analyzing texts or media to quantify patterns, themes, or biases.

Quantitative

Pertaining to the measurement and quantification of variables to analyze statistical, mathematical, or computational techniques.

Systematic

Systematic refers to a methodical approach to procedures or processes that follow a fixed plan or system, ensuring consistency and efficiency.

Data Reduction

The process of transforming and simplifying large sets of raw data into a more manageable form, enabling easier analysis and interpretation without losing significant information.