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

---

Definitions:

Retrograde Amnesia

Loss of memory from the point of some injury or trauma backward, or loss of memory for the past.

Psychological

Pertaining to the mind or mental processes, involving emotions, behavior, and cognitive functions.

The Exorcist

A horror film directed by William Friedkin, based on the novel by William Peter Blatty, centered around the possession of a young girl and her exorcism.

Mystical

Pertaining to mysticism or mysterious, spiritual, or transcendental experiences and beliefs that transcend normal human understanding.