Question: C. Buffalo borrows money from a bank. Debit: B.Buffalo borrows money from a bank. Credit: D. Buffalo purchases a machine for cash. Debit: Buffalo

C. Buffalo borrows money from a bank. Debit: B.Buffalo borrows money from a bank. Credit: D. Buffalo purchases a machine for cash. Debit: Buffalo purchases a machine for cash. Credit: Buffalo receives cash from an investor for new shares. Debit: Buffalo receives cash from an investor for new shares. Credit: E. Buffalo pays cash for an insurance policy that takes effect in the future. Debit: E. Buffalo pays cash for an insurance policy that takes effect in the future. Credit: Buffalo repays a loan to a bank. Debit: Buffalo repays a loan to a bank. Credit: Buffalo obtains a machine by issuing shares to an investor. Debit: Buffalo obtains a machine by issuing shares to an investor. Credit: A. Common stock B. Loans payable C. Cash D. Machine E. Prepaid insurance

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