Question 36 When a company borrows $5,000 from the bank O Cash is debited and Bank Loan is credited Accounts Receivable is debited and Cash is credited Cash is credited and Bank Loan is debited Cash is debited and Revenue is credited O

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section: Chapter Questions
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Question 36
When a company borrows $5,000 from the bank
OCash is debited and Bank Loan is credited
Accounts Receivable is debited and Cash is credited
Cash is credited and Bank Loan is debited
Cash is debited and Revenue is credited
O
Transcribed Image Text:Question 36 When a company borrows $5,000 from the bank OCash is debited and Bank Loan is credited Accounts Receivable is debited and Cash is credited Cash is credited and Bank Loan is debited Cash is debited and Revenue is credited O
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