The entry to record the proceeds upon issuing an interest-bearing note is:
A) Interest Expense Cash $\quad $Notes Payable
B) Cash $\quad $Notes Payable
C) Notes Payable $\quad $$\quad $Cash
D) Cash $\quad $$\quad $Notes Payable $\quad $$\quad $Interest Payable

Question

The entry to record the proceeds upon issuing an interest-bearing note is: 
A) Interest Expense Cash $\quad $Notes Payable 
B) Cash $\quad $Notes Payable 
C) Notes Payable $\quad $$\quad $Cash 
D) Cash $\quad $$\quad $Notes Payable $\quad $$\quad $Interest Payable

Quizplus · Accepted Answer

The Answer of The entry to record the proceeds upon issuing an interest-bearing note is: 
A) Interest Expense Cash $\quad $Notes Payable 
B) Cash $\quad $Notes Payable 
C) Notes Payable $\quad $$\quad $Cash 
D) Cash $\quad $$\quad $Notes Payable $\quad $$\quad $Interest Payable

The Entry to Record the Proceeds Upon Issuing an Interest-Bearing \quad

The Entry to Record the Proceeds Upon Issuing an Interest-Bearing $\quad$