Electron Borrowed $75,000 Cash from TechCom by Signing a Promissory

question 139

Multiple Choice

Electron borrowed $75,000 cash from TechCom by signing a promissory note. TechCom's entry to record the transaction should include a:

• A) Debit to Notes Receivable for $75,000.
• B) Debit to Accounts Receivable for $75,000.
• C) Credit to Notes Receivable for $75,000.
• D) Debit Notes Payable for $75,000.
• E) Credit to Sales for $75,000.

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Definitions:

Detaches Emotionally

The process of distancing oneself from feelings or emotional connections, often as a coping mechanism or due to psychological conditions.

Long-term Separations

Extended periods during which a couple remains legally married but lives apart, either by choice or circumstance, without officially divorcing.

High School Degree

A certification awarded upon completion of secondary education, typically required for entry into higher education or the workforce.

Ambivalent

Having mixed or contradictory feelings about someone or something.