1 ABCDEF- Reposition a product 2 ABCDEF- Marketing a product 3 ABCDEF- Scheduling production 4 ABCDEF- Modifying plant and equipment 5 ABCDEF- Raising money and paying debt 6 ABCDEF- Inventing a new product
You get to look at the progress of your business
Answer:
A
Explanation:
nor sure but I think this is the right one
Answer:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
Explanation:
The journal entry is shown below:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
This transaction increases the cash balance so the cash account should be debited and the note payable account should be credited as it creates a liability which is to be reflected in the balance sheet
