Answer: Credit to Notes Payable or a Debit to Cash
Explanation:
As there are no options, those two options represent how the promissory note will be recorded in the books. A promissory note is a liability so when it increases it is credited. Notes will therefore be credited for $10,000.
The promissory note will give the company cash which is an asset so it is debited when it increases. The cash account will therefore be debited for the amount of $10,000.
