To record the cash payment of $10,000 against a loan owing to the bank. Please select the correct journal entry for it Dr Dr Dr Dr Cr Loan Cr Cash Loan Cr Cash Loan 10,000 Cr Accounts payable Expenses 10,000 Loan 10,000 10,000 10,000 10,000 10,000 10,000

To record the cash payment of $10,000 against a loan owing to the bank. Please select the correct journal entry for it Dr Dr Dr Dr Cr Loan Cr Cash Loan Cr Cash Loan 10,000 Cr Accounts payable Expenses 10,000 Loan 10,000 10,000 10,000 10,000 10,000 10,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

I need this question completed in 10 minutes

To record the cash payment of $10,000 against a loan owing to the bank.
Please select the correct journal entry for it
Dr
Dr
Dr
Dr
Cr
Loan
Cr
Cash
Loan
Cr
Cash
Loan
10,000
Cr Accounts payable
Expenses
10,000
Loan
10,000
10,000
10,000
10,000
10,000
10,000

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