asked 33.7k views
1 vote
Brian Inc. borrowed $8,000 from First Bank and signed a promissory note. What entry should Brian Inc. record?

1 Answer

4 votes

Answer:

Dr Notes Receivable $8,000

Cr Cash $8,000

Step-by-step explanation:

Based on the information given we were told that Brian Inc. borrowed the amount of $8,000 from First Bank in which they signed a promissory note which means that the journal entry that Brian Inc. should record the transaction is :

Dr Notes Receivable $8,000

Cr Cash $8,000

answered
User Peter Teoh
by
8.4k points
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