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Sagot :
The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is Debit cash.
What is Debit Cash?
- When a person uses debit cash, money is automatically taken out of their checking account.
- These cards, which are sometimes known as "check cards" or "bank cards," can be used to make purchases of products or services, withdraw cash from an automated teller machine, or make additional purchases at merchants who will accept them.
- You might not be able to make a very large purchase using debit cash because they typically have daily spending limits.
- A personal identification number is typically not required to use a debit card (PIN).
Hence, Debit cash is the journal entry for issuing an interest-bearing note for the purpose of borrowing money for the company.
To learn more about Debit Cash refer to:
https://brainly.com/question/24077526
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