A Company Borrowed Money from the Bank and Signed a Long-Term

question 149

Multiple Choice

A company borrowed money from the bank and signed a long-term note payable.This transaction would be recorded in which of the following journals?

• A)Sales journal
• B)Purchases journal
• C)Cash disbursements journal
• D)Cash receipts journal
• E)General journal

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Definitions:

Sensitization

Learned behavior in which the response to a stimulus strengthens with repeated presentations.

Drug Use

The act of consuming substances for medical or recreational purposes, which can impact health and behavior.

Metabolic Tolerance

A situation where repeated exposure to a substance diminishes the effect of that substance by accelerating the body's metabolism, requiring higher doses for the same effect.

Cellular Tolerance

A condition in which cells reduce their responsiveness to a substance after repeated exposure.