Question: How will FFU record the April 2 transaction? ( a) increase both Cash and Revenue, $1,600 Ob) increase both Cash and Accounts Payable, $1,600 O

How will FFU record the April 2 transaction? ( a) increase both Cash and Revenue, $1,600 Ob) increase both Cash and Accounts Payable, $1,600 O d increase both Cash and Owner's Capital, $1,600 O d) increase both Cash and Bank Loan Payable, $1,600 O el increase both Cash and Retained Earnings, $1,600

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