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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
36

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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