Purchasing a truck by signing a note payable would include a:
A)credit to truck.
B)debit to note payable.
C)credit to note payable.
D)debit to truck expense.

Name: Purchasing a truck by signing a note payable would include a: A)credit to truck. B)debit to note payable. C)credit to note payable. D)debit to truck expense.
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Question

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When purchasing a truck by signing a note payable, the journal entry would include a credit to note payable to record the liability incurred from the purchase.

Purchasing a Truck by Signing a Note Payable Would Include