Electron Borrowed $75,000 Cash from TechCom by Signing a Promissory

question 139

Multiple Choice

Electron borrowed $75,000 cash from TechCom by signing a promissory note. TechCom's entry to record the transaction should include a:

• A) Debit to Notes Receivable for $75,000.
• B) Debit to Accounts Receivable for $75,000.
• C) Credit to Notes Receivable for $75,000.
• D) Debit Notes Payable for $75,000.
• E) Credit to Sales for $75,000.

---

Definitions:

Fiber-optic

Refers to the technology that uses thin, flexible fibers of glass or other transparent solids to transmit light for a wide range of applications, including telecommunications and medical instruments.

Ethernet Cables

Wires used to connect devices within a local area network (LAN), facilitating internet connections and data transfer.

Population

The entire group of individuals or items that is the subject of a statistical analysis.

Average Age

A statistical measure that summarizes the central tendency of ages within a given group by dividing the sum of all ages by the number of individuals.