Question: choose the correct ( one each question) Question 6 (1 point) Indicate whether the business activity noted below is an event or a transaction. Borrowed

choose the correct ( one each question)

Question 6 (1 point) Indicate whether the business activity noted below is an event or a transaction. Borrowed $10,000 cash from the bank. \\/ 2) transaction Question 7 (1 point) Indicate which financial reporting element the following account belongs in. Equipment O) 1) jiabilities ) 2) assets @) 3) equity ).4) expenses \\/ 5) revenues

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