The Journal Entry a Company Uses to Record the Issuance

question 80

Multiple Choice

The journal entry a company uses to record the issuance of a note for the purpose of converting an existing account payable would be

• A) debit Cash; credit Accounts Payable
• B) debit Accounts, Payable; credit Cash
• C) debit Cash; credit Notes Payable
• D) debit Accounts Payable; credit Notes Payable

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Definitions:

Withdrawal Symptoms

Physical or psychological symptoms that occur after stopping or reducing the intake of a substance (such as drugs or alcohol) on which the body has become dependent.

Stimulants

Drugs that increase the functioning of the nervous system.

Nervous System

The complex network of nerves and cells that transmit signals between different parts of the body, enabling coordination, sensation, and response to internal and external environments.

Psychological Dependence

The feeling that a drug is needed to continue a feeling of emotional or psychological well-being.