Electron borrowed $15,000 cash from TechCom by signing a promissory note. TechCom's entry to record the transaction should include a:

a. Debit to Notes Receivable for $15,000.
b. Debit to Accounts Receivable for $15,000.
c. Credit to Notes Receivable for $15,000.
d. Debit Notes Payable for $15,000.
e. Credit to Cash for $15,000.

Answer: a. Debit to Notes Receivable for $15,000.

Business

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