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The transaction below affects BOTH the accounts named. Paid off your $12,000 bank loan: Bank Loan Payable, Cash. Select one: True O False The transaction below affects BOTH the accounts named. Purchased a business licence for $60 using a credit card: Licence Expense, Accounts Payable. Select one: O True O False The transaction below affects BOTH the accounts named. Paid the outstanding credit card bill of $4,357: Accounts Payable, Cash. Select one: O True O False