Question: How will Cat Lady record the October 1 transaction? (1 mark) a. No entry is needed. b. decrease Cash and increase Bank Loan Payable, $10

How will Cat Lady record the October 1 transaction? (1 mark) a. No entry is needed. b. decrease Cash and increase Bank Loan Payable, $10 c. decrease Cash and increase Accounts Payable, $10 d. increase both Cash and Owner's Capital, $10

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