The Journal Entry a Company Uses to Record the Issuance

question 78

Multiple Choice

The journal entry a company uses to record the issuance of an interest-bearing note for the purpose of borrowing funds for the business is

• A) debit Accounts Payable; credit Notes Payable
• B) debit Cash; credit Notes Payable
• C) debit Notes Payable; credit Cash
• D) debit Cash and Interest Expense; credit Notes Payable

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Definitions:

Online Behavior

The actions or conduct of individuals on the internet, including social media interaction and browsing habits.

Website Visitors

Individuals who access and browse a website, potentially becoming customers, clients, or followers.

Promotional Messages

Communications designed to inform, persuade, or remind consumers about a product, service, or brand.

Legally Binding

A term describing agreements or contracts that are enforceable by law, requiring all parties to fulfill their obligations.