A company borrows money from a bank. The journal entry to record the transaction would include a:
A. debit to Cash and a credit to Common Stock.
B. credit to Cash and a debit to Notes Payable.
C. debit to Cash and a credit to Notes Payable.
D. credit to Notes Payable and debit to Common Stock.
Answer: C
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Answer the following statement true (T) or false (F)
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A principal whose identity is fully revealed to all parties is a(n)
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