Final answer:Thejournal entrymade by Jarrett Company to record thetransactionwould be to debit Cash $8,000 and credit Notes Payable $8,000.Explanation:In accounting, a journal entry is a record of a financial transaction in chronological order. It includes the date, accounts affected, amounts, and a brief description. Double-entry bookkeeping principles guide journal entries, ensuring that debits and credits balance. Journal entries are the initial step in the accounting cycle, facilitating accurate financial record-keeping.The journal entry made by Jarrett Company to record the transaction would be:Debit Cash$8,000Credit Notes Payable $8,000This entry records the receipt of $8,000 in cash (debiting the Cash account) and the creation of a note payable for $8,000 (crediting theNotes Payable account).Learn more about Journal entry for borrowing money here:brainly.com/question/31585501#SPJ11...

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