Accounting entries for repayment of a loan received from Richard, the owners friend: (a) Debit Cash account

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Accounting entries for repayment of a loan received from Richard, the owner’s friend:

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

(b) Debit Cash account and credit Capital account

(d) Credit Cash account and debit Capital 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 06:44 AM

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Accounting entries for repayment of a loan received from Richard, the owners friend: (a) Debit Cash account

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Financial Accounting An Introduction

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