Pine Bark, Inc. borrows $10,000 from Fifth Bank. Pine Barks journal entry when the funds...
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Accounting
Pine Bark, Inc. borrows $10,000 from Fifth Bank. Pine Barks journal entry when the funds are received is:
| No journal entry is required. |
| Debit Cash $10,000 and credit Notes Receivable $10,000. |
| Debit Notes Payable $10,000 and credit Cash $10,000. |
| Debit Cash $10,000 and credit Notes Payable $10,000. |
| I do not know the answer. |
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