if-a-company-issues-a-note-payable-what-is-the-corresponding-entry-for-the-lende

Question

If a company issues a note payable, what is the corresponding entry for the lender?

Accepted Answer

The lender records a note receivable.

Answer

The lender records an account payable.

Answer

The lender records a note payable.

Answer

The lender records an account receivable.