The Journal Entry to Record Lending Money on a Note

question 72

Multiple Choice

The journal entry to record lending money on a note receivable is:

• A)Debit Cash,credit Notes Receivable
• B)Debit Notes Receivable,credit Cash.
• C)Debit Cash,credit Accounts Receivable.
• D)Credit Accounts Receivable,credit Cash.

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Definitions:

Disappeared

The state of having gone missing or being no longer visible or existent.

Catholic Church

A major Christian denomination led by the Pope, with its administrative headquarters in Vatican City.

Catherine of Aragon

The first wife of King Henry VIII of England, whose marriage's annulment led to the English Reformation.

English Protestantism

A form of Christianity established in England following the Reformation, characterized by the rejection of papal authority and the embrace of Anglican doctrines and practices.