Electroid Borrowed $85,000 Cash from TechCo by Signing a Promissory

question 114

Multiple Choice

Electroid borrowed $85,000 cash from TechCo by signing a promissory note.TechCo's entry to record the transaction should include a ________.

• A)debit Accounts Receivable for $85,000
• B)credit Accounts Receivable for $85,000
• C)debit Note Receivable for $85,000
• D)credit Note Receivable for $85,000

---

Definitions:

Fizzle & Sizzle

An informal term indicating the contrasting outcomes of events or products; "fizzle" for failing and "sizzle" for succeeding amazingly.

Implicit Cost

The opportunity cost associated with a firm's use of resources that it already owns, representing the income the firm foregoes by using these resources in its current capacity.

Total Revenue

The total amount of money received by a company from sales of its products or services, before any expenses are subtracted.

Linear

Pertaining to a relationship or equation that can be graphically represented in a straight line, indicating a constant rate of change.