The journal entry to record the payment of an ordinary note is:
A) debit Cash; credit Notes Payable.
B) debit Cash; credit Accounts Payable.
C) debit Notes Payable and Interest Expense; credit Cash.
D) debit Notes Payable and Interest Receivable; credit Cash.
C
You might also like to view...
If you are in a 25 percent tax bracket then every dollar of your adjusted gross income will be taxed at 25 percent
Indicate whether this statement is true or false.
How does a futures contract differ from a forward contract?
What will be an ideal response?
You tell people that someone you dislike is a child molester. This is not true. You most likely committed the tort of:
a. libel b. assault c. defamation per se d. invasion of privacy e. malicious prosecution
For years, Tiger Corp. wanted to develop a face recognition system that clients could buy to improve their security systems. The managers of the company evaluated the product's market potential, economic viability, and anticipated capability development, which were all very strong. However, Tiger Corp. was unable to make a successful product. The key factor that the company failed to adequately assess in making technology decisions was the product's technological
A. reliability. B. ambidexterity. C. variability. D. agility. E. feasibility.