A Business Repays the Amount Borrowed on a Note Payable

question 120

Multiple Choice

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

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

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Definitions:

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.

Esophagus

A muscular tube that conveys food from the pharynx to the stomach.

Trachea

A tube that connects the larynx to the bronchi, providing air flow to and from the lungs for respiration.

Esophagus

A muscular tube that connects the throat (pharynx) with the stomach, serving as a passageway for food and liquids.