Accounting entries for recording payment of a loan to Jill, working as manager: (a) Debit Jills Loan

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Accounting entries for recording payment of a loan to Jill, working as manager:

(a) Debit Jill’s Loan account and credit Cash account

(b) Debit Cash account and credit Jill’s Loan account

(d) Credit Cash account and debit Salaries account

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 26, 2023 07:27 AM

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Accounting entries for recording payment of a loan to Jill, working as manager: (a) Debit Jills Loan

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Financial Accounting An Introduction

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