A Business Repays the Amount Borrowed on a Note Payable

question 38

Multiple Choice

A business repays the amount borrowed on a note payable by cash. Which of the following accounts will be debited?

• A)Cash
• B)Bank
• C)Notes Payable
• D)Notes Receivable

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Definitions:

Curvature

The degree of bend or deviation from straightness or flatness in a line, object, or surface.

Lingual Frenulum

A fold of mucous membrane located under the tongue, which assists in the mobility and positioning of the tongue.

Vestibule

A space or cavity at the entrance of some structures in the body, such as the mouth, ear, or nose.

Gingivae

Also known as gums, these are the soft tissues that surround and protect the teeth in the mouth.