Jasper's entry to record the transaction should be Debit Notes Receivable for $92,000; Credit Cash $92,000
A debit notice is a report utilized by a seller to inform the client of modern-day debt duties, or a document created by a consumer when returning goods obtained on credit.
Debit note is a document which displays that a debit is made to the alternative celebration's account. credit score note is an device used to inform that the alternative birthday party's account is credited in his books.
Explanation:-
When Jasper makes a loan to Clayborn it is an asset in the books of Jasper therefore when increasing asset Debit Note Receivable at the same time the loan is given by cash therefore another asset cash will decrease hence Credit Cash.
Hence, All other options are incorrect
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