Question: Jack Henry borrowed $ 8 8 5 , 0 0 0 from Walt Bank to open a new bike store called Wooden Wheels. Jack transferred
Jack Henry borrowed $ from Walt Bank to open a new bike store called Wooden Wheels. Jack transferred $ of the cash he borrowed to Wooden Wheels on the first day of the year. Which of the following appropriately reflects the cash transactions between these reporting entities?
Jack HenryWooden WheelsWalt BankA.$ increase$ increase$ decreaseB.$ increase$ increase$ decreaseC.$ decrease$ increase$ decreaseD.$ increase$ increase$ decrease
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