Journal Entry for bank loan of $ 10,000 taken by business is Bank Loan account Debit and Cash a c credit Cash a c debit and bank loan a c credit cash a c debit and owner's equity credit not accounted as the cash is not related to business Journal Entry for bank loan of $ 10,000 taken by business i...

Answer b Since the loan is taken and cash is received a journal must be made Cash is debit becau ...

Journal Entry for bank loan of $ 10,000 taken by business is Bank Loan account Debit...

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Mar 31, 2022 07:21 AM

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Journal Entry for bank loan of $ 10,000 taken by business is Bank Loan account Debit...

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Fundamentals of corporate finance

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