Brian IncBorrowed $8,000 from First Bank and Signed a Promissory Note

question 37

Multiple Choice

Brian Inc.borrowed $8,000 from First Bank and signed a promissory note.What entry should Brian Inc.record?

• A)Debit Cash,$8,000; Credit Notes Receivable,$8,000.
• B)Debit Notes Receivable,$8,000; Credit Cash,$8,000.
• C)Debit Cash,$8,000; Credit Notes Payable,$8,000.
• D)Debit Notes Payable,$8,000; Credit Cash,$8,000.

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