Ace Electronics Accepted a Promissory Note from Fenstermaker,who Promised to Pay

question 5

Multiple Choice

Ace Electronics accepted a promissory note from Fenstermaker,who promised to pay Ace $2,000 plus 6% interest at the end of six months.When Ace first accepts the note,it should record ________.

• A)a note payable of $2,000
• B)a note receivable of $2,000
• C)a note payable of $2,060
• D)a note receivable of $2,060

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Definitions:

Neurotransmitter Activity

The action or process by which neurotransmitters are released, bind to receptors, and elicit a response in the nervous system, influencing behavior and mood.

Antigens

Foreign substances that enter the body and trigger an immune response, often leading to the production of antibodies.

T-Cells

A type of white blood cell that plays a central role in the immune system by identifying and attacking foreign pathogens.

Lymphocytes

A type of white blood cell that plays a significant role in the immune system, defending the body against infection.