Xenon Corporation borrows $75,000 from First Bank. Xenon Corporation records this transaction with a: Answer Debit to Investments. Credit to Retained Earnings. Credit to Notes Payable. Credit to Interest Expense.

Xenon Corporation borrows $75,000 from First Bank. Xenon Corporation records this transaction with a:
Answer

		Debit to Investments.
		Credit to Retained Earnings.
		Credit to Notes Payable.
		Credit to Interest Expense.

Answer
Credit to Notes Payable.