Question: John Hamilton borrowed $ 5 0 0 , 0 0 0 from Stone Creek Bank to open a new restaurant called Sauce - It -

John Hamilton borrowed $

500, 000

from Stone Creek Bank to open a new restaurant called Sauce

-

-

.

John transferred $

450, 000

of the cash he borrowed to the Company on the first day of the year. Which of the following appropriately reflects the cash transactions between these reporting entities?

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