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:

Customer Service

The support and advice provided by a company to those people who buy or use its products or services.

Congruency

The degree of alignment or agreement between two or more elements, such as organizational goals and employee behavior or values.

Client Contacts

Interactions or communications between a business and its clients, often critical for developing and maintaining relationships.

Reward Problems

Issues or challenges that arise in the process of recognizing or compensating employees' efforts and achievements.